Reliable VAT records connect the return to invoices, contracts and accounting entries. Retention requirements vary with the record and circumstances, including special rules for real estate and unresolved proceedings. A single universal retention period is not suitable for every document.
Practical review checklist
- Use a documented retention schedule based on current requirements.
- Keep readable invoices, reconciliations and evidence of tax treatment.
- Control access, maintain backups and make retrieval possible.
Check the rules for your transaction
Use the current official FTA guidance and legislation and VAT public clarifications. This introductory guide does not cover every exception. Confirm the requirements for your business and the period concerned.
Need help reviewing your records?
Explore BWMC VAT consultancy or contact the team with the transaction type, reporting period and issue you need to resolve.