Records retention in a Restaurant

Basic reckoner is given below:

PAYE for employers 3 years from the end of the tax year they relate to.
Corporation Tax For 6 years from the end of the last company financial year they relate to.
VAT At least 6 years
Self Assessement – PAYE At least 22 months after the end of the tax year the tax return is for.
Self Assessement – Self employed At least 5 years after the 31 January submission deadline of the relevant tax year.
Staff Files 6 years after staff leaving
Sales envelopes 18 months for Charge-backs

Please click the links above to see detailed guidance before taking any action.

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