Short answer: As a general guide, business records are commonly kept for around five years, and it is sensible for casual sellers to keep receipts for at least a year or two in case a question arises, but the right period depends on your circumstances and current rules, so check the tax authority's guidance or ask an accountant before discarding anything that relates to business income.
Want a clear record? Every ScrapTrade offer and sale is documented.
List Free →Why business records are kept longer
Businesses are generally expected to hold their records for a number of years, so any scrap income that forms part of a business should be treated the same way.
Why a casual seller can keep it simple
A folder or photo album of receipts for a year or two is a low-effort way to cover most questions that might come up.
Why digital copies help
Photographing receipts and keeping them in one place means paper that fades or is lost does not leave you without a record.
How ScrapTrade Fits In
ScrapTrade stores your offers and sale history online, so a digital record is always on hand.
Good records make selling scrap simpler. ScrapTrade documents each offer and sale, with verified buyers, transparent weighing and escrow-protected payments.
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