Engagement Letter Template for Non Resident Company Corp Tax Return (SA700)

• that all returns are to be made on the basis of full disclosure of all sources of income, expenses, gains, losses and other relevant information;
• to provide all information necessary for dealing with your affairs: we will rely on the information and documents being true, correct and complete, and will not audit the information or those documents;
• to authorise us to approach such third parties as may be appropriate for information that we consider necessary to deal with the partnership affairs;
• to provide full details of all UK property disposals (residential and non-residential) and disposals of shares in UK property rich companies or UK property rich collective investment vehicles, or other such entities must be advised prior to exchange of contracts or agreement to transfer shares or units.   If information is received after this date we cannot guarantee that we can provide advice on the amount of capital gains tax due or submit an in-year return within 60 days after the completion date of the disposal. Please note that any work related to this will part of separate engagement and will incur separate fees;
• to provide us with information in sufficient time for the tax return to be completed and submitted. Where feasible, we may agree to complete your return within a shorter period but may charge an additional fee for so doing.

Our responsibilities

Excluded, ad hoc and advisory work

• advising on the in-year Capital Gains Tax (CGT) reporting requirements on disposals of property, and preparing the in-year return and calculating the CGT due where required (note this work will always result in additional fees).  We will require you to provide information as early as possible in advance of exchange of contracts in order to provide advice on the tax implications, reporting requirements and to quantify the tax bill;
• advising on ad hoc transactions and queries (including telephone conversations), preparing and submitting information in the relevant format to HMRC and calculating any related tax liabilities;
• advising on double tax relief if appropriate;
• dealing with any enquiry opened into the company’s tax return or tax affairs by HMRC; and
• preparing any amended returns that may be required and corresponding with HMRC as necessary.

Changes in the law, in practice or in public policy

Limitation of liability

Our services as detailed above are subject to the limitations on our liability set out in the engagement letter and in of our standard terms and conditions of business. These are important provisions, which you should read and consider carefully. There are no third parties that we have agreed should be entitled to rely on the work done pursuant to this engagement letter.