Common use of HMRC Clause in Contracts

HMRC. 10.1 The Landlord will, at all times, be liable to abide by HM Revenue and Customs’ rules including their rules for self-assessment. The Agent shall bear no responsibility for ensuring The Landlord pays the relevant tax, in this regard The Landlord should take advice from a qualified accountant or similar. 10.2 The Agent will give to HM Revenue and Customs such information regarding the letting as they are lawfully obliged to do so. This may include full details of every landlord and the annual rental income, but The Agent shall not be responsible for preparing or submitting a Tax Return for The Landlord or dealing with any taxation or accounting matters. 10.3 If The Landlord appoints an accountant or other representative to handle his tax affairs The Agent shall if requested provide to the representative copies of all rent statements and deductions, costs,etc. Additional charges for this service will apply at The Agent’s professional hourly rate (as detailed in the Schedule attached) or as otherwise agreed in writing.

HMRC. 10.1 The Landlord will, at all times, be liable to abide by HM Revenue and Customs’ rules including their rules for self-assessment. The Agent shall bear no responsibility for ensuring The Landlord pays the relevant tax, in this regard The Landlord should take advice from a qualified accountant or similar. 10.2 The Agent will give to HM Revenue and Customs such information regarding the letting as they are lawfully obliged to do so. This may include full details of every landlord and the annual rental income, but The Agent shall not be responsible for preparing or submitting a Tax Return for The Landlord or dealing with any taxation or accounting matters. 10.3 If The Landlord appoints an accountant or other representative to handle his tax affairs The Agent shall if requested provide to the representative copies of all rent statements and deductions, costs,, etc. Additional charges for this service will apply at The Agent’s professional hourly rate (as detailed in the Schedule attached) or as otherwise agreed in writing.