Keeping records

Whatever records you keep, it makes sense to organise and keep them in an orderly fashion. This will help you and your accountant (if you have one) as well as HM Revenue & Customs (HMRC), if they need to ask you anything.

If you’re starting a business, find out about the records you legally need to keep and make sure your business is on the right track by keeping good records from the beginning. You’ll find it easier to keep your tax affairs up to date.

You must update the information regularly - penalties have been introduced for not taking reasonable care with records and tax returns, so you need to keep accurate records and keep the records for the right length of time.

HMRC offers a range of guidance on record keeping to help meet your specific tax needs.

For business information try:

For more detailed guidance try:

For information about mobile applications: