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HMRC internal manual

Self Assessment: the legal framework

HM Revenue & Customs
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Claims, Elections and Notices: record keeping requirement

Claimants are required to keep the records on which a claim is based

Paras 2A(1), (2) & (3), Schedule 1A

A claimant is required to keep and preserve the records needed to make a correct and complete claim. Any such records must be kept until the later of:

  • the date on which a formal enquiry into the claim is treated as complete
  • the date on which it becomes impossible for any such enquiry to be opened.

Penalty for failure to keep or preserve records

Para 2A(4) Schedule 1A

A penalty of up to £3,000 may be charged for each failure to keep or preserve adequate records in support of a claim.