PLEASE CAREFULLY READ THIS AGREEMENT 

BY CLICKING AGREE OR BY USING ANY OF THE SERVICES, YOU ARE BOUND BY THIS AGREEMENT.                                                                                                                     

In this agreement we set out our terms for carrying out the work and to clarify our respective responsibilities.

We are bound by the ethical guideline of IAB (Institute of Accountants and Bookkeepers) and accept instructions to act in accordance with those ethical guidelines.

You are legally responsible for making a correct return in respect of your annual tax liability, and for paying your tax on time.  As your Tax Consultants, it is therefore essential that we are supplied with all the relevant information concerning your taxation affairs in good time.  

Tax returns – our responsibilities

• We will prepare your tax returns and any supporting schedules. You will be responsible for letting us have all the information needed to prepare this form.
• We will forward your tax return form and any supporting schedules to you for review and approve. Once you have checked and approved the return, we shall submit it to HM Revenue and Customs.
• We will provide the professional services outlined in this agreement with reasonable care and skill.  
• We will not be responsible for any losses, penalties, surcharges, interest or additional tax liabilities arising from the supply by you or others of incorrect or incomplete information, or your or others failure to supply any appropriate information or your failure to act on our advice or respond promptly to communications from us or the tax authorities.
• If HM Revenue and Customs raise enquiries relating to your tax return, we will discuss the position with you and agree with you the basis on which we will deal with such enquiries on your behalf at an agreed fee.
• We will prepare your tax return in future years under the same conditions as above.

Tax returns – your responsibilities

Under the self-assessment regime there are a number of key dates by which returns and payments must be made.  Failure to meet the deadlines may result in automatic penalties, surcharges and/or interest.

You are legally responsible for making correct returns and for payment of tax on time.

To enable us to carry out our work you agree:

• To make a full disclosure to us of all sources of income, charges, allowances and capital transactions and to provide full information as necessary for dealing with your affairs; we will rely on the information and documents being true, correct and complete;
• To respond quickly and fully to our requests for information and to other communications from us;
• To provide us with information in sufficient time for your tax return to be completed and submitted by 31^st January following the end of the tax year.  In order to meet this date, you agree to provide us with all relevant information as soon as practical after the end of each tax year.

Tax Advice  

Tax advice will be provided following an initial review of your query. Following this, we will provide a quote and timeframe. If you are happy with the quote and timeframe provided, we will proceed with providing the tax advice at the agreed quote and timeframe.

File destruction

Whilst certain documents legally belong to you, unless you tell us to the contrary if we are holding any records on your behalf, we intend to destroy correspondence and other papers that are more than seven years old.

In the unlikely event, through unforeseen circumstances, a member of this practice is incapacitated and therefore unable to access our records; arrangements have been made so that, relevant information you need and are entitled to may be provided by contact with:  Gerald Sathanantham (enquiries@taxprudent.co.uk)

Client identification

We are required to identify our clients and may request from you, and retain, such information and documentation as we require and/or make searches of appropriate databases. All Tax Consultants must comply with the duties imposed by the Proceeds of Crime Act 2002, The Terrorism Act 2000 and The Money Laundering, Terrorist Financing, and Transfer of Funds (Information on the Payer) Regulations 2017.  Failure to perform these duties can result in fines and/or imprisonment.

FEES

Our fees for preparing and submitting your tax return will be charged at the quoted price on our website. Our fees for all other tax work such as tax advice is based on our quote prior to commencing the work.

If it is necessary to carry out any work outside the agreed work outlined in this agreement it will involve additional fees.  

Invoices are payable in full, due upon completion of work.

CONFIRMATION

This agreement supersedes any previous engagement letter. Once it has been agreed, this agreement will remain effective until it is replaced.

• You or we may vary or terminate our authority to act on your behalf at any time without penalty. Notice of variation or termination must be given in writing.
• If these terms are not in accordance with your understanding of the scope of our engagement or your circumstances have changed, please let us know.

These terms will be effective for future years unless we advise you of any change.

By clicking agree you indicate that it is in accordance with your understanding of the arrangements.