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lots to learn


Senior Member

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Thoughts !
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Just a thought.

With the introduction of MTD will it still be necessary to retain paper records for the required number of years as we do currently?



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Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
Cheshire


Master Book-keeper

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Yes.

MTD is nothing to do with paper records, only paper accounting processes.

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 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
Leger


Master Book-keeper

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As Joanne says but if you take a digital copy of the paperwork there is no need to retain the paper copy, providing it is kept securely for the requisite number of years.



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John 

 

 

 Any advice given is for general guidance and professional advice should be sought applicable to your circumstances.
lots to learn


Senior Member

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Yes, that makes sense thanks.

I'm thinking of all the people who are busily photographing receipts on their phones to go straight onto cloudy software. They will just need to set up a file to keep them. I've got my work cut out with some clients and such matters.



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Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
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