Frequently Asked Question

No.

You must keep copies of your invoices or receipts, but these can be either paper originals or electronic copies – that’s up to you.

Businesses can continue to keep documents in paper form if they prefer.

The change under MTD is that all the accounting entries must now be on computer (spreadsheet or accounting software) – ie you can no longer write them into a book manually.

You must keep your records, including the invoices and receipts for at least 6 years (unless you are operating under special requirements that requires longer).