Legal requirements for UK document retention
Retaining your business and accounting records is a legal requirement. We have prepared this guide, which outlines the necessary documents you should keep and for how long, aiding in compliance and efficient management.
| RECORDS | TIME LIMITS |
|---|---|
| Company Statutory Registers | Indefinitely |
| Board Meeting Minutes/Resolutions | Indefinitely |
| General Meeting Minutes/Resolutions | Indefinitely |
| Details of Past Shareholders | 20 Years |
| Sealed Contracts | 12 Years |
| Corporation Tax Records | 6 Years |
| Value Added Tax (VAT) Records | 6 Years |
| Income Tax Records | 6 Years |
| Public Company Accounting Records | 6 Years |
| Private Company Accounting Records | 3 Years |
| Pay As You Earn (PAYE) Records | 3 Years |
| Subcontractor Tax Certificate | 3 Years |
| Wages Tax Credits | 3 Years |
| National Minimum Wage Records | 3 Years |
| Student Loan Repayment Records (through Payroll) | 3 Years |
| Employer’s Liability Insurance Certificates | Period of Cover |
This guide aims to simplify your document retention strategy, ensuring you keep essential records for the appropriate duration. For further assistance or if you need more detailed advice tailored to your specific situation, contact us at Lukro Ltd.