VAT records – What do you need to keep?

If you are registered for VAT, you will need to keep normal business records. The records must be complete, up to date and sufficient to enable you to calculate the VAT due to or due from HMRC. You will also need to maintain a VAT account and keep copies of your VAT invoices.

Business records

HMRC take a wide view of what constitutes ‘business records’ an…