TXF6 UK
Syllabus A. UK Tax System & Administration A4. The Time Limits

A4d. Retention of business records

Syllabus A4d)

List the information and records that taxpayers need to retain for tax purposes.

How long should business records be kept?

Business records and personal records need to be retained for a number of years after the tax returns have been submitted for that year.

The time for which these records need to be retained are:

Retention of records 
Business records  5 years from 31 January following end of the tax year
Personal records 12 months from 31 January following end of the tax year