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filing cabinet is bursting - what can I throw out?

(3 Posts)
iheartdusty Fri 04-Sep-09 11:57:45

I've been self-employed for 25 years, done various jobs, bought and sold properties affected by capital gains tax, had tenants, so lots of tax and VAT issues during that time. I tend to keep everything, just in case Inland Revenue or VAT ever want to query my returns.

But how far back should I go? Do I really need all my bank statements since 1990? What about tax receipts - is there a cut-off after which my declarations can't be challenged?

all help gratefully received

bidibidi Fri 04-Sep-09 12:20:11

7 years of records should be plenty, but I'd ask your accountant to verify that.

iheartdusty Fri 04-Sep-09 13:13:00

thanks bidibidi, will check with accountant.

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