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HMRC internal manual

Compliance Handbook

HM Revenue & Customs
, see all updates

Record Keeping: What records must be kept: Bank payroll tax general requirements

We require a ‘taxable company’, see BPTM1000, to keep all records that may be needed to establish and verify the amount of bank payroll tax payable and deliver a correct and complete bank payroll tax return.

Records that must be kept include supporting documents such as contracts, accounts and correspondence.

The obligation to retain records includes keeping records that were in the company’s possession or power immediately before 8 April 2010, being the date that the requirement to keep records for bank payroll tax commenced.