Paper vs Electronic Records

[Kate_H]

Hi all,

I wonder if any accounting gurus can help with a simple question?

Would it be acceptable if I scanned in all my tax year paperwork and stored it encrypted online and encrypted on my NAS and shredded the paper copies.

I’m currently downsizing/minimalising in lieu of moving and am trying to reduce my possessions and environmental footprint.

Would electronic “paperwork” satisfy HMRC if I was ever audited.

Regards,

Kate

 

[GillespieBS]

Yes it would be fine. After all HMRC are trying to 'Make Tax Digital'

 

[Daugela]

Yes, it would, for details on electronic records, please see the info here https://www.gov.uk/keeping-your-pay-tax-records

 

[DontAsk]

I keep everything physically and electronically until the accounts are done and filed, then shred the physical copies.

I would not store them on-line (in the cloud), encrypted or not.

 

[DontAsk]

Yes, it would, for details on electronic records, please see the info here https://www.gov.uk/keeping-your-pay-tax-records

For clarification, that only refers to personal data, not company.