Skip to main content

Budget 2024 | The Government has confirmed changes and provided more information on FamilyBoost. Find out more: FamilyBoost

Budget 2024 | The Government has confirmed changes to personal income tax, the independent earner tax credit, in-work tax credit, and the minimum family tax credit. Find out more: Personal income tax threshold changes

It's important you keep accurate and complete records of your income and expenses for 7 years.

You must keep records of all cash and electronic sales and purchases. Examples of records include:

  • taxable supply information
  • supply correction information
  • bank statements
  • invoices and receipts
  • credit card records – including statements and vouchers
  • cash register or point of sale records
  • cashbooks.
Last updated: 01 Apr 2023
Jump back to the top of the page