EM6401 - Contract settlements: acceptance: check of letter of offer
The guidance about contract settlements at EM6000+ only relates to direct tax. You must never include VAT or VAT penalties in a contract settlement.
When the letter of offer is returned you should check that
- any alterations made are acceptable by reference to the criteria in EM6310 and have been initialled by the signatory
- there are no blank spaces (for example, you cannot accept an offer 바카라 사이트˜to pay within 바카라 사이트¦바카라 사이트¦. days바카라 사이트™)
- the offer has been signed by the person (or all the persons) for whom it was intended (scanned letters must have been signed under manuscript, not electronically)
- there was no covering letter or other suggestion which could be thought to modify the terms of the offer in any way (for example, a request for more time to pay)
- the offer if made by a partnership (including husbands and wives) has been signed by each partner
- the offer was signed within the previous six months EM6327.
You must treat any payment received with the letter of offer as a payment on account for accounting purposes, see EM1937. When the SAFE charge is raised the payment should then be allocated to cover all, or part, of the 바카라 사이트˜amount to be demanded바카라 사이트™.