This Content Was Last Updated on February 9, 2017 by Jessica Garbett
One of the obligations on being in business is keeping records for tax purposes.
Earlier this year HMRC published a helpful factsheet on the minimum requirements:
www.hmrc.gov.uk/factsheet/record-keeping.pdf
Its worth reading this and making sure your business is compliant – if its not, you would have little defence against HMRC penalties in the event there was a tax enquiry and HMRC claimed you were not keeping adequate records.