Financial payments - Retention schedule

Description

This service includes the following functions:

• authorisation
• expenditure
• fraud
• internal recharging
• investments
• creditors
• petty cash
• bank payments
• procurement cards

Retention period

Asset reference	Function	Description	Retention period	Statutory provisions
FI.7.1	Financial payments - general	authorisation expenditure fraud internal recharging investments creditors petty cash bank payments procurement cards	Last action or case resolution plus six years	HMRC - Compliance Handbook Manual CH15400 Local Government, England and Wales The Accounts and Audit Regulations 2015, SI 234 Customs and Excise Management Act 1979 VAT Guide - C and E Notice 700/21 Limitation Act 1980 Finance Act 1998 Sch. 18 pt.3
FI.7.2	Financial payments - safeguarding and children's social care	authorisation expenditure fraud internal recharging investments creditors petty cash bank payments procurement cards	Last action or case resolution plus 25 years	HMRC - Compliance Handbook Manual CH15400 Local Government, England and Wales The Accounts and Audit Regulations 2015, SI 234 Customs and Excise Management Act 1979 VAT Guide - C and E Notice 700/21 Limitation Act 1980 Finance Act 1998 Sch. 18 pt.3

 

Reference number

FI.7