Accountant: the Accountant as specified in the Client Instruction Form
Allowances: see Embedded Capital Allowances
Approved Report: the report prepared and finalised by HMA which shall be sent to the Client which shall identify potential Embedded Capital Allowance in the Client’s Property based upon the Client Instruction Form.
Authorised Representatives: shall mean any employee, sub-contractor, agent of HMA and any Accountants and Surveyors instructed by HMA from time to time.
Client: the client specified in the Client Instruction Form.
Client Instruction Form: to which these terms and conditions are appended.
Client Default: the Client’s failure to comply with its obligations as set out in Clause 3.
Client Welcome Letter: correspondence from HMA to the Client outlining the proposed process and requesting further information.
Confidential Information: all confidential or proprietary information in any form or medium relating to HMA and the Services (however recorded or preserved) that is disclosed or made available to the Client either directly or indirectly whether before or during the Services.
Draft Report: the first version of the report as prepared by HMA for review by the Client and their Accountant and marked as such by HMA.
Embedded Capital Allowances: the amount of unclaimed and Embedded Capital Allowances in the Client’s Property that is identified by HMA in the Approved Report.
Fee: 5.50% plus VAT of the Embedded Capital Allowances identified in the Approved Report prepared by HMA.
HMA Tax: Headley Meredith Associates Limited a company registered under company number 09123229 whose registered office is 15-17 Church Street, Stourbridge, West Midlands, DY8 1LU.
HMRC: Her Majesty’s Revenue and Customs.
Intellectual Property: all copyright, patents or related rights, moral rights, trade marks, goodwill, rights in design, rights to use, and protect the confidentiality of, Confidential Information (including know-how and trade secrets) and all other intellectual property rights in each case whether registered or unregistered including all applications and rights to be applied for and be granted and all other similar of equivalent rights or forms of protection which subsist not or in the future in any part of the world.
Property: the property or properties specified in the Client Instruction Form.
Report Date: the date of the Approved Report.
Services: reviewing and preparing an Approved Report in accordance with the Client’s instructions in the Client Instruction Form in relation to Embedded Capital Allowances which are unclaimed in the Client’s Property which the Client use against their taxable profits with HMRC.
Survey Date: the mutually agreed upon date and time upon which our Surveyor will visit your Property to prepare their report.
Surveyor: the Surveyor instructed by HMA from time to time.