The following standard terms of business apply to all engagements accepted by us. All work carried out is subject to these terms except where changes are expressly agreed in writing.
PROFESSIONAL OBLIGATIONS
1.1 Details of the professional registrations for MGT Chartered Accountants can be found at www.mgtaccountancy.co.uk.
1.2 We will observe and act in accordance with the bye-laws and regulations of the Institute of Chartered Accountants in England and Wales (ICAEW) together with their ethical code and Professional Conduct in Relation to Taxation document. We accept instructions to act for you on this basis. In particular, you give us authority to correct errors made by HM Revenue & Customs (HMRC) where we became aware of them. We will not be liable for any loss, damage or cost arising from our compliance with statutory or regulatory obligations.
1.3 In accordance with the disclosure requirements of the Provision of Services Regulations 2009, our professional indemnity insurer is Hiscox, 22 Bishopsgate, London EC2N 4BQ. The territorial coverage is worldwide.
CONFIDENTIALITY
2.1 Where you give us confidential information we shall at all times keep it confidential, except as required by law or as provided for in regulatory, ethical or other professional statements applicable to this engagement.
2.2 We may, on occasions, subcontract work on your affairs to other tax or accounting professionals. The subcontractors will be bound by our client confidentiality terms.
CONFLICTS OF INTEREST AND INDEPENDENCE
3.1 We reserve the right to act during this engagement for other clients whose interests might compete with yours or are or may be adverse to yours. We will notify you immediately should we become aware of any conflict of interest to which we are subject in relation to you.
3.2 We have safeguards that can be implemented to protect the interest of different clients if a conflict arises. Where conflicts are identified which cannot be managed in a way that protects your interests then we will discuss with you but we may be unable to provide further services.