At Receipt Bank, we’re often asked whether taxation authorities around the globe accept scanned receipts, invoices and vouchers as proof of transaction. Increasingly this is the case, so going digital is a viable option!
We previously highlighted the HMRC (UK) view on the subject, now we're going to focus on what the Irish Revenue have to say on the matter.
- It is now no longer a requirement to retain the paper originals of any third party record where an electronic copy of the original record is generated, recorded and stored in accordance with the information technology and procedural requirements as published.
- Addition of a requirement that all electronic copies of records must be accessible to a Revenue official in paper or electronic form, the method and format of delivery to be specified by the Revenue official at the time the records are being requested.
- You can print from the electronic copy if required.
If you’d like to look over the exact text, please follow this link to the Revenue document.
Receipt Bank - your items digitized and easy to find!
Digital receipts, invoices and vouchers are kept on our secure servers for at least the required 6 years. You can retrieve these images whenever you like: 24 hours a day, 7 days a week! Exporting your items as PDF and spreadsheet downloads is easily done, so you can view offline and print if necessary.
Digitally storing your receipts makes it significantly quicker to locate them with our sophisticated online search functionality – no need to spend time trawling through the original documentation. We've even had reports that VAT inspections of digital records can be done inside half an hour.
If you have any questions about how this works – please get in touch and we’ll guide you through the process!
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