If a company pays for its directors’ tax returns, you could wonder if each director requires a separate Letter of Engagement (LoE).
Our compliance expert recommends the following:
Best practice
Issue each director with their own engagement letter for their tax return
An individual holds a different contractual right to cancel than a company. This applies even when the company pays the fee
Alternative approach
If you prefer to issue one engagement letter:
Include the Individual Tax Returns service schedule in the main document
Request authorisation from all directors whose tax returns you’ll complete on the Privacy Notice
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