Schedule of Professional Services - Accounting


1.1 In processing your bookkeeping, we are entitled to assume that the source records maintained by you are accurate, up to date and comprehensive. You will deliver your source records to us in a prompt manner so as to enable us to carry out our work within the statutory deadlines.


2.1 Where agreed, we shall produce the VAT returns from the records provided to us.

2.2 We will prepare the quarterly return form VAT 100 from the records of your company. We will not audit or otherwise check the underlying records. When the VAT return has been completed from the information supplied, we will send you the return form within 10 days of your making the records available to us for you to review. If you agree the return you should then submit it to HM Revenue & Customs (“HMRC”) together with the required payment, or give us your consent to file the return on your behalf. The payment of the VAT liability by the due date remains your responsibility. If you consider the return to be incorrect please consult us immediately.

2.3 We accept no responsibility for any default surcharge that may arise if the books and records are not available to us within 10 days after the return period ends or the books and records prove to be incomplete or unclear, and in particular are not written up to the end of the period, thereby delaying the preparation and submission of the VAT return, or you fail to submit the return and any required payment to HM Revenue and Customs on time after we have sent the return to you for signature or approval for online filing.

2.4 From 1 April 2009 a new VAT penalty regime came into force. Under the new penalty regime, the level of penalty will be variable – up to 30% for a careless error, up to 70% where the error is deliberate, and up to 100% where the error is both deliberate and concealed. Failure to notify and/or correct an error, once discovered, will be treated as a careless error.

2.5 We will produce your VAT returns from the information and explanations that you have provided to us. In preparing VAT returns, we are entitled to assume that the records maintained by you are accurate, up to date and comprehensive. If errors in your VAT returns arise as a result of inadequacies, omissions or other shortcomings in the records and information you supply to us, any relevant penalties will be your responsibility.


3.1 Where agreed, we shall produce quarterly or monthly management accounts from the accounting records.  This service is a separately chargeable item.

Updated August 2017

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