Schedule of Services: R&D

Our Responsibilities:

• We will prepare the technical R&D report based on information that is provided to us and in line with HMRC’s guidance.
• We will perform the services with reasonable skill and care. The Services are provided solely for the purposes set out in this Contract. We cannot guarantee your R&D Tax Relief claim will be successful and accept no responsibility or liability whatsoever should HMRC reject your R&D Tax Relief claim.
• Should HMRC raise an enquiry into your R&D Tax Relief claim, we will act on your behalf with HMRC to resolve the enquiry and achieve the best possible outcome for your business. 

Your responsibilities

You are legally responsible for:

• ensuring that the CT600 return (including XBRL tags and iXBRL file) is correct and complete
• approving any returns ahead of the due date in order for us to submit on time
• making payment of tax on time (if applicable)

It is also your responsibility to ensure that:

• You provide us with such information and records that we may reasonably require in order to supply the service
• You co-operate with us in all matters relating to the services
• The information about your R&D projects and the information provided to determine which costs to claim are complete and accurate. The accuracy of your R&D claim prepared will depend on the accuracy of information provided to us. If during the process of preparing your R&D technical report, the information you provide us is not in line with HMRC guidance, will we no longer be able to proceed with your R&D claim.
• You warrant that accurate business and taxation regards are maintained as required by law.
• You agree to appoint us as your HMRC R&D tax agent to allow us to correspond directly with HMRC on your behalf. You also authorise us to be your nominee allowing us to enter our client bank account details on the company tax return in order to receive funds from HMRC on your behalf. Any funds received from HMRC from the Services provided will be deposited into OnTheGo Accountants client bank account.

In consideration of us providing the services in this contract, you must pay our fees in accordance with the below:

• Our fees are payable upon a claim being successful, therefore if HMRC, for whatever reason, reject your R&D claim, there will be no fee payable.

Further to a successful claim our fees payable are as follows:

• If your R&D eligible expenditure is less than £150,000, our fee is 3.7% of eligible R&D costs. For example, if you are claiming £100,000 of eligible R&D costs, our fee would be £3,700 plus VAT:
  

• If your R&D eligible expenditure is more than £150,000, our fee is 3% of eligible R&D costs.
• Our fees are subject to a minimum fee of £1,995 plus VAT.
• We reserve the right to charge interest on late paid invoices at the rate of 5% above bank base rates under the Late Payment of Commercial Debts (Interest) Act 1998. We also reserve the right to suspend our services or to cease to act for you on giving written notice if payment of any fees is unduly delayed. We intend to exercise these rights only where it is fair and reasonable to do so.
• If you do not accept that an invoiced fee is fair and reasonable you must notify us within 21 days of receipt, failing which you will be deemed to have accepted that payment is due.