SoS (601) Personal Tax for Individuals

SCHEDULE OF SERVICES (601) PERSONAL TAX FOR INDIVIDUALS

This schedule should be read alongside your letter of engagement (LoE) and the (300) Standard Terms & Conditions.

Recurring Compliance Work

We will prepare your self-assessment tax return, together with any supplementary pages required, from the information and explanations you provide to us. Once you have approved the return, we will submit it to HMRC.

We will calculate your income tax, high-income child benefit charge (if applicable), national insurance contributions (NICs), and any capital gains tax liabilities, and tell you how much to pay and when. Where you ask us to, we will advise on the interest and penalty implications of paying tax or NICs late. We will check HMRC’s calculation of your liabilities and, where relevant, initiate repayment claims if tax or NICs have been overpaid.

We will advise you on possible tax return-related claims and elections arising from the information you provide. Where you ask us to, we will make those claims and elections in the form required by HMRC.

We will review PAYE notices of coding you send to us and advise accordingly. Please note that HMRC no longer sends copies of coding notices to agents — it is your responsibility to forward them to us.

Ad hoc queries by, for example, telephone or email are not part of routine compliance and may result in additional fees. Where possible, we will discuss and agree any additional fees in advance, but this is not always practicable and we reserve the right to charge for such work.

Making Tax Digital (MTD)

If you are subject to Making Tax Digital for Income Tax (MTD IT), please refer to SoS (602) Making Tax Digital for Income Tax, which sets out the service tiers available and our respective responsibilities.

Ad Hoc and Advisory Work

Where you ask us to, we will also provide such other taxation and advisory services as we agree from time to time. These services are subject to the terms of your LoE and the (300) Standard Terms & Conditions, unless we issue a separate engagement letter. An additional fee may apply.

Examples of this work include:

Advising on in-year capital gains tax (CGT) reporting requirements on property disposals, and preparing any in-year return and CGT calculation. To advise on tax implications and reporting requirements, we need information as early as possible and before exchange of contracts.
Advising on ad hoc transactions (for example, pre-sale advice on the disposal of assets) and related queries, and calculating any related tax liabilities.
Advising on the high-income child benefit charge (HICBC), including appeals or adjustments where applicable.
Advising on extraction of cash from a personal service company, and completing any tax returns required where you have been treated as a deemed employee under the IR35/off-payroll working rules.
Advising on double tax relief where applicable.
Dealing with any HMRC enquiry into your tax return or tax affairs.
Preparing amended returns and corresponding with HMRC as necessary.
Advising on Trust Registration Service (TRS) requirements and registration. This work will be subject to a separate agreement and fee.
Advising on universal credit entitlement. As your entitlement depends not only on your own circumstances but also on those of your household, we will issue a separate letter or schedule to cover this work and will need all relevant information to advise you properly.
Advising on employment taxes, workplace pensions (including auto-enrolment), and the employment status of workers, including domestic staff.

If specialist advice is required, we may need to seek this from, or refer you to, appropriate specialists. We will only do so when you ask us to.

Your Responsibilities

You are legally responsible for:

Ensuring your self-assessment tax return (and any MTD IT submissions — see SoS (602) Making Tax Digital for Income Tax where applicable) is correct and complete.
Filing all returns by the due date.
Paying tax on time.

Failure to meet these obligations may result in penalties and/or interest. You cannot delegate this legal responsibility to us by asking us to prepare your return. You agree to check that returns we have prepared for you are complete and accurate before you approve them.

To enable us to carry out our work, you agree:

To make all returns on the basis of full disclosure of all sources of income, charges, allowances, and capital transactions.
To provide all information necessary for dealing with your affairs — we will rely on the information and documents you give us being true, correct, and complete and will not audit them.
To authorise us to approach such third parties as may be appropriate for information we consider necessary.
To provide full details of all UK residential property disposals, including associated costs and valuations, before the disposal takes place. Where you may be non-UK resident in the tax year of disposal, full details of all UK property disposals (residential and non-residential) and disposals of shares in UK property-rich companies must be provided before exchange of contracts. If information is received after this point, we cannot guarantee we can provide advice or submit an in-year return within the 60-day reporting window.
To provide us with information in sufficient time for your tax return to be completed and submitted by 31 January following the end of the tax year. If you wish us to submit the return by 31 October, we must receive all relevant information by 31 July. If you wish us to submit the return by 31 January, we must receive all relevant information by 31 October. Where we agree to work to a shorter timescale, an additional fee may apply, which we will discuss and agree with you in advance where possible.
To have paid our fee in full before we submit your return to HMRC. Where work is complete but our fee remains unpaid, we reserve the right to withhold submission.

You will keep us informed of material changes in your circumstances that could affect your tax position. If you are unsure whether a change is material, please let us know so we can assess its significance.

Where you want us to deal with HMRC communications, please forward all correspondence to us promptly. HMRC is not obliged to copy us in on communications sent directly to you, so it is essential that you pass these to us in time for us to act within any statutory time limits.

You are responsible for employment taxes, pensions (including auto-enrolment), and the employment status of your workers. We are not responsible for penalties arising from obligations outside our agreed scope.

As part of our normal procedures, we may ask you to provide written confirmation of any oral information and explanations given to us during the course of our work.

Joint Engagements — Couples

Where we are engaged to act for you and your spouse or partner as a family unit, you both agree that we may deal directly with either of you on matters relating to your respective tax and financial affairs, and that we may discuss either person’s affairs with the other. Instructions or information provided by either of you will be treated as given on behalf of both.

If you wish to change these arrangements at any time — for example, following a separation or change in circumstances — please notify us promptly in writing. From the point we receive that notification, we will take instructions from and correspond with each of you separately. A revised letter of engagement may be required for each party.

Limitation of Liability

Our services are subject to the limitations on our liability set out in your letter of engagement (LoE) and in the (300) Standard Terms & Conditions. These are important provisions and you should read them carefully.