The length of time that business and tax related
records should be kept depends upon which legislation they relate
to. A brief simplified summary follows:
|
Records
|
 |
Time Limits |
| Company Statutory Registers |
|
Indefinitely |
| Company Board and General Meeting
Minutes |
|
At least 10 years |
| Employer's Liability Insurance
Certificates |
|
40 Years |
| Details of Past Shareholders |
|
20 Years |
| Sealed Contracts |
|
12 Years |
| Corporation Tax Records |
|
6 Years |
| Value Added Tax Records |
|
6 Years |
| Income Tax Records |
|
6 Years |
| Contract Law, generally |
|
6 Years |
| Public Company Accounting Records |
|
6 Years |
| Private Company Accounting Records |
|
3 Years |
| Pay As You Earn Records |
|
3 Years |
| Sub-contractor Tax Certificates |
|
3 Years |
| Wages Tax Credits |
|
3 Years |
| National Minimum Wage Records |
|
3 Years |
| Student Loan Repayment Records
(through Payroll) |
|
3 Years |
