Space is valuable, and often companies undertake a clear-out of old records, but this should be carried out with caution.
While specific legislation or contracts may dictate a retention period for particular data, it should be remembered that the Data Protection Act Section 2(1)(c)(iv) states “data shall not be kept for longer than is necessary for that purpose or those purposes”.
Section 886 of the Taxes Consolidation Act 1997 requires the retention...
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