Disengagement

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RICHARD TARR & Co

Wood Park East Down Barnstaple Devon EX31 4LZ Telephone : 01271 850431

Terms of Disengagement

1. Purpose

The purpose of this sheet is to set out matters connected with any decision to cease our professional relationship.

2. Summary of Services Provided

During the course of our professional work for you we have provided some or all of the following services:

Bookkeeping

Payroll processing

Preparation of VAT returns

Accounts preparation

Completion of personal tax returns

Completion of business tax returns

These services, together with a summary of the respective responsibilities of both

yourselves and us relating to them, and the terms of business on which we provided

service, were set out in our Terms of Engagement, shown elsewhere on this website.

3. Respective Responsibilities

With respect to our resignation as your accountants, our responsibilities to you will cease with immediate

effect. You will be solely responsible for identifying another accountant to take on these responsibilities or to satisfy the need for the services that we provided in other ways.

Our responsibilities, on resignation as accountants include those set out in our Institute’s Guide to Professional Ethics (Statement 3.3 Section 210) to respond to the enquiry of our successor and disclose, with your consent, any issues or circumstances relevant to their decision to accept or decline appointment. It is also common for practitioners to combine this initial professional enquiry with a request for information and documents relevant to the engagement. We will, unless undue additional work is entailed, be pleased to respond to these enquiries at no additional fee. If you are not able to accept these terms, please let us know in writing.

4. Retention of Records

During the course of our work we have collected information from you and other parties acting on your behalf. Some of these records and other items of documentation should be retained by you to satisfy your statutory obligations. We will be pleased to return any original documents or documents that legally belong to you on request. We should advise you, however, that if you fail to collect such records within six months of the date of this letter, we cannot be held responsible for their safekeeping and we may destroy documents and records that we hold without further notice.

5. Confidentiality

We should also confirm that where we retain 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 pronouncements applicable to our engagement.

6. Contracts (Rights of Third Parties) Act 1999

We would also like to remind you that a person who was not a party to our Agreement concerning the engagement will have no right under the Contracts (Rights of Third Parties) Act 1999 to enforce any term of that Agreement. This clause does not affect any right or remedy of any person, which exists or is available otherwise than pursuant to that Act.

7. Limitation of Liability

The advice that was provided to you during the course of our professional engagement was for your sole use and did not constitute advice to any third party to whom you might have communicated it. We accept no responsibility to third parties for any aspect of our professional services or work that has been or may be made available to them.

We will continue to provide any remaining professional services outlined in this letter with reasonable care and skill. However, we will not be responsible for any losses, penalties, surcharges, interest or additional tax liabilities arising from the supply by you or others of incorrect or incomplete information, or your or others’ failure to supply any appropriate information or your failure to act on our advice or respond promptly to communications from us or the tax authorities.

You agree to hold harmless and indemnify us and staff, against any misrepresentation (intentional or unintentional) supplied to us orally or in writing in connection with any work set out in section 3 (above) that we have agreed to complete.

You also agree that you will not bring any claim in connection with services provided to you by the firm against any of our employees on a personal basis.

8. Fees

With reference to our fees, we would advise that any outstanding fees must be settled before we are able to communicate with your new accountants.

If it is necessary to carry out work outside the responsibilities outlined in this letter, we will advise you in advance.

9. Applicable Law

This helpsheet shall be governed by, and construed in accordance with, English law. The Courts of England shall have exclusive jurisdiction in relation to any claim, dispute or difference concerning the engagement letter and any matter arising from it. Each party irrevocably waives any right it may have to object to any action being brought in those courts, to claim that the action has been brought in any inconvenient forum, or to claim that those Courts do not have jurisdiction.

This letter supercedes and takes precedence over our Terms of Engagement.

Kilimanjaro

RTI