by Zoë Hopgood | Jan 14, 2026 | HMRC
Why Paper Records Are No Longer Acceptable HMRC’s move to digital reporting means paper-only records are no longer sufficient. Paper records: Get lost Fade Are not searchable Cannot be digitally audited Digital records: Are secure Are backed up Meet compliance... by Zoë Hopgood | Jan 14, 2026 | HMRC
“I’m Not Good With Tech” Is No Longer a Valid Excuse HMRC now requires digital record-keeping. This is not optional. You must seek guidence with: YouTube tutorials Help centres Online courses In-app guides Accountants are here to: Prepare accounts Ensure compliance... by Zoë Hopgood | Jan 14, 2026 | HMRC
Records You Must Keep By law, business owners must keep accurate records in a digital format. You are responsible for retaining: Sales invoices Purchase invoices Receipts Bank statements Payroll records You must: Keep your own copies Store them securely Retain them... by Zoë Hopgood | Jan 14, 2026 | HMRC
Your Responsibility as a Business Owner While accountants assist with preparation and submission, you are legally responsible for your tax affairs. This includes: Paying tax on time Reading HMRC letters Monitoring your HMRC gateway Contacting HMRC if you cannot pay... by Zoë Hopgood | Jan 14, 2026 | HMRC
Why You Cannot Claim VAT Without a VAT Receipt To reclaim VAT, HMRC requires a valid VAT invoice. No invoice = no VAT claim. A valid VAT receipt must include: Supplier name and address VAT number Invoice date Net amount VAT amount Total amount What is not acceptable:...
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