Business Record Retention

[Davie_GLA]

Afternoon all,

I am doing some research on what business records must be kept by law, and in which format (hard copy / electronic or both) and for what period of time.

I'had a peruse around and can find plenty relating to what needs to be kept for tax reasons, but is there a requirement to keep things like invoices, purchase orders etc, and if so what are the rules?

Any help is greatly appreciated,

David.

[Davie_GLA]

Thanks Eric, i was under the impression that all records MUST be kept in paper format, but i was thinking that so they couldn't be altered, but i guess the use of PDFs or other locked document types could be used.

David.

[Davie_GLA]

Eric, did you copy that from a website from source or are those your words? I could do with a link to back this up.

[Davie_GLA]

Thanks Eric, and whilst i don't doubt you are right, i will need something more official to present to the masses.

[Davie_GLA]

Thanks, this is hard work. I expected it to be so though.

I think i'll just call the accountant as ask him to email me something..

[Davie_GLA]

Thanks, that's pretty much what i wanted to know, and i think already knew but needed confirming.

I just need a link to an authority website backing it.

Thanks again for your help Eric.