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HMRC internal manual

Compliance Handbook

HM Revenue & Customs
, see all updates

Record Keeping: How long must records be retained for: Bank payroll tax

A ‘taxable company’, see BPTM1000, must preserve records that are necessary to verify the details in the bank payroll return until the end of 31 August 2016.

The records that must be retained, see CH12800, include those records in the company’s possession or power immediately before 8 April 2010.


A taxable company that fails to comply with the record keeping requirements is liable to a penalty of up to £3,000.

Sections 100 to 102 of TMA70 apply to a penalty for failing to maintain and retain records just as those sections apply to a penalty under section12B(5) of that Act.