Engagement Letter Template for Dormant Accounts and Corporation Tax Return

Dormant Accounts & Corporation Tax Return

The following schedule sets out our respective responsibilities for work undertaken in respect of the preparation of the dormant company accounts of your entity.

Your Responsibilities

You are responsible for making available to us, as and when required, all the entity’s records and related information, including minutes of management and shareholders/owners’ meetings.

You will also be responsible for confirming that the company is dormant, in that it had no significant transactions in the year. Significant transactions do not include:

• confirmation statement fees paid to Companies House
• penalties for late filing of accounts
• money paid for shares when the company was incorporated

Our Responsibilities

We will prepare the dormant company accounts for your approval.

Where requested, once approved, we will file the accounts at Companies House on your behalf.

We will not be carrying out any audit work as part of this assignment and accordingly will not verify the assets and liabilities of the entity, nor the items of expenditure and income.

To carry out an audit would entail additional work to comply with International Standards on Auditing (UK) so that we could report on the truth and fairness of the financial statements. We would also like to emphasise that we cannot undertake to discover any shortcomings in your systems or irregularities on the part of your employees.

We will not attach a report to the accounts.