The requirement to retain records and documents includes any information however recorded whether in paper records or electronically. An electronic record includes information, included scanned documents, held on:
There are some records that must be retained in their original format.
Keeping and preserving records both electronically and in their original format will covered in more detail in the division dealing with Examination of Business Records when that division has been updated to reflect the new provisions in Finance Act 2008, Sch. 37.