Record Keeping Flashcards
1
Q
Corporation Tax
A
Six years from end of accounting period (tax year)
£3000 fine
2
Q
Income and Captial Gains Tax
A
- Sole Trader/ Partner - Fifth anniversary of 31 Jan following end of tax year
- Employee - First anniversary of 31 Jan following end of tax year
£3000 fine
3
Q
VAT
A
Six years
£500 fine
4
Q
PAYE
A
Three years from the end of tax year to which they relate
