previous accountants requiring £200 to pass paperwork over!
We have a new client (one director.shareholder company) that used one of the 'specialist' contractor accountancy businesses previously.
Built into the terms is the requirement that if the director terminates the agreement for services, there is a payment of £200 required to pass over information retained on their system (they did the bookkeeping, PAYE, VAT and invoicing customers).
It also says that providing the information can take up to sixty days!
What can be done, if anything?
Who actually owns the records?
The company website says that it is owned by qualified accountants and lawyers, but no way of telling who is a member of what.
Any suggestions please ... apart from paying the £200 or doing without the information?
I presume we are not allowed to have a similar clause requiring payment to pass on information we store electronically (we are ICAEW regulated)?
- Professional coaching claimable? 73 1
- Sage instant account codes 115 1
- Networking 127 1
- What VAT to reclaim on van purchased on HP? 264 4
- Mobile phones, directors of micro-companies 168 1
- Turnover on a tax return 296 8
- incorrect old p60 449 11
- Cashflow forecasting software 302 4
- Letter to HMRC over 3 months ago, still no reply 1,931 19
- Companies House paper incorporation - date of birth omission 287 4
- US company hiring UK citizens in UK 250 3
- VAT refund 182 1
- Is there an AIA calculator anywhere 260 1
- Reclaiming VAT on refurbishment cost? 268 3
- Missing tax return 392 4
- Are you going to Tick and Bash on 21 May? 1,127 30
- Inflation and fees 1,409 24
- Sage Priority Support 192 3
- Cost of demolition of a shed - revenue or capital? 846 24
- Micro-entity accounts 314 1