Keeping evidence to support your tax return
Keeping evidence to support your tax return
What is this?
You have an obligation to keep appropriate records to support the information in your tax return. The software can store this information for you.
Why do I need to keep these records?
If HMRC reviews your tax return, they may ask to see the records to check that you completed it correctly. If you do not have sufficient evidence, then you may face penalties.
When do I need to do this?
YOUR TAX CIRCUMSTANCES DETERMINE HOW LONG YOU NEED TO KEEP YOUR RECORDS FOR:
Individuals Not Carrying on a Business. You must keep your 2022/23 tax return records until 31 January 2025.
Self Employed and Landlords. You must keep your 2022/23 tax return records until 31 January 2029.
THERE ARE NO SET RULES ON HOW TO KEEP YOUR RECORDS, WHETHER ON PAPER, DIGITALLY OR IN SOFTWARE.
If you prepare your tax return by connecting a dedicated bank account to the software, HMRC usually considers this acceptable record keeping.
You can go further and save invoices and receipts in the software and attach them to individual transactions.
IF YOU DECIDE TO CLOSE YOUR ACCOUNT, WE WILL HOLD YOUR DATA FOR 30 DAYS TO GIVE YOU PLENTY OF TIME TO EXPORT THE DATA
APARI Software Ltd is an accounting software provider and does not supply specific tax advice. For more information please see our full terms and conditions.
If you need any assistance please check out the other articles in our Help Centre for how to get started using your account and if you have any further questions you can contact our support team here
Related Articles
Record Keeping overview
Record Keeping Overview The Record Keeping Section helps you keep track of your transactions in a digital format. Transactions can be automatically uploaded directly from your bank feed, imported by CSV-file or manually added. Adding transactions ...
MTD - Tax calculation
Your Tax Calculation What is this? Your digital tax software gives you a view of your current tax position based on the information recorded so far. This is available through the Calculation section of your MTD submission and is for reference ...
Tax return submission errors
Tax return submission errors What is this? If your hmrc credentials are wrong, you will see: Authentication Failure. The supplied user credentials failed validation for the requested service. You should be able to fix this quickly by yourself: ...
Tax Terminology (Jargon Buster)
Tax Terminology (Jargon Buster) We know tax can seem complicated, so we try our best to use everyday language in our ApariPro products. Here are some explainers for tax-related jargon: ACCOUNTING METHOD: CASH VS ACCRUALS Most self-employed people and ...
Tax return submitted! What happens next?
Tax return submitted! What happens next? Thank you for choosing us to submit your tax return! Here’s what happens next. Immediately after submission: within ApariPro software You will receive a submission success message within the ApariPro software. ...