TERMS AND CONDITIONS: (TAX RETURN SERVICE)

This sets out the basis on which we act as your agents and advisers. You are legally responsible for making a correct Return in respect of your annual tax liability and for payment of your tax on time and it is essential that we as your agent are supplied with all relevant information. Please sign and send to us the Inland Revenue form 64-8, which authorises the Inland Revenue to send us copies of formal notices. In practice the Inland Revenue will treat this as authority to correspond with us, in which case they will not correspond with you except to the extent they are formally required to do so. Notwithstanding this authority, please advise us promptly of all communications, which you receive from the tax authorities. In particular you should forward a copy of each taxpayer statement to us as soon as you receive it.

1. Personal Tax Return

1.1 We shall prepare your personal Tax Return together with all supporting schedules. The next Tax Return that we shall be dealing with for you will be for the year ended 5th April, 2010. You will be responsible for providing all the information, which we require for this purpose and all relevant data should be made available to us by 30th June, but no later than 31st October. With your agreement, we may obtain confirmation from banks, building societies etc. of interest credits and charges.

1.2 We shall forward your Tax Return form and supporting schedules for your approval and signature. Once the Return has been approved and signed by you, we shall submit it to the Inland Revenue.

1.3 We shall respond where necessary to any correspondence sent to us by you or by the Inland Revenue.

1.4 We shall also make recommendations to you as to suitable payments on account and the dates for payment.

1.5 If the information to complete the Tax Return is not provided within the timescale requested, so that the preparation and submission of the Return are delayed, we accept no responsibility for any penalty or interest that may arise. Under the self-assessment regime there are a number of key dates by which returns and payments must be made. Failure to meet these deadlines results in automatic penalties and interest. You are responsible for ensuring that such payments are made on time.

1.6 We are entitled to use modern systems and technology for the recording, processing, storage and transmission of your information and data. Any records created or copied by us are our property. We may lodge tax returns and other documents electronically.

2. General Tax Advice

We shall be glad to assist you generally in tax matters (including VAT) if you advise us in good time of any proposed transactions. We would, however, warn you that because tax rules change frequently you should ask us to review any advice already given if a transaction is delayed, or is to be repeated, or if an apparently similar transaction is to be undertaken.

3. Excluded Services

3.1 You will continue to deal with all matters required by law like Child Tax Credits.

3.2 We will advise if so requested.

4. Investment Advice

4.1 We provide a limited range of Investment Service regulatedby the Institute of Chartered Accountants of Scotland. We may introduce you to specialist advisers.

4.2 During the course of acting on your behalf in respect of your taxation affairs, we may be required to give you "investment advice" which would form an incidental part of your other services. Your agreement to this letter signifies that you confirm that we may give you advice amounting to investment advice, which is integral to the services provided under the terms of this letter.

4.3 In the event that commissions or other benefits are received we may retain these.

5. Fees

5.1 Our fees are computed on the basis of the time spent on your affairs by our Director and staff and on the levels of skill responsibility involved. Our fees will be billed annually or as appropriate and will be due within 30 days.

5.2 We reserve the right to charge interest at 3% per month in the case of overdue accounts. We also reserve the right to terminate our engagement and cease acting if the account is unduly delayed in payment. However, it is not our intention to use these rights in a way which is unfair or unreasonable.

5.3 In the event that we hold or receive funds on your behalf, we may use these to pay our fees and expenses.

6. Applicable Law - This engagement letter shall be governed by, and construed in accordance with, Scottish law. The Courts of Scotland have exclusive jurisdiction in relation to any claim, dispute or difference concerning the engagement letter and any matter arising from it. Each part irrevocably waives any right it may have to object to an action being brought in those Courts, to claim that the action has been brought in an inconvenient forum, or to claim that those Courts do not have jurisdiction.

7. Proceeds of Crime - We may report any suspicious transactions, illegal or doubtful acts to the authorities.

8. Limitation of Liability - We will not be liable to you for any loss or damage suffered by you unless due to our negligence or wilful default of our contractual obligations to you. We will not in any circumstances be liable to you for indirect or consequential losses nor will we be liable to any other party.

Our total aggregate liability to you will not exceed twenty time the invoice value of the particular services in relation to which it is determined we have been in default.

In any event the total liability including interest will not exceed £1,000,000.

9. External Review

9.1 We allow external reviewers and technical experts to review our files. This is done to assist us with maintaining the quality of our work. All reviewers are bound by rules of professional confidentiality.

9.2 The Institute of Chartered Accountants of Scotland and other professional bodies may require us to provide information to them.



I agree to these terms.

Ref.: 00.10.20 Go back to Income Tax Return Service