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
Asset reference: FI.7.1 Function: Financial payments - general Description:
  • authorisation
  • expenditure
  • fraud
  • internal recharging
  • investments
  • creditors
  • petty cash
  • bank payments
  • procurement cards
Retention period: Last action or case resolution plus six years Statutory provisions:
  • 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
Asset reference: FI.7.2 Function: Financial payments - safeguarding and children's social care Description:
  • authorisation
  • expenditure
  • fraud
  • internal recharging
  • investments
  • creditors
  • petty cash
  • bank payments
  • procurement cards
Retention period: Last action or case resolution plus 25 years Statutory provisions:
  • 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