Overseas Clients. Where the Client does not have a United Kingdom (UK) address or where the UK is not the Client’s main place of residence/business, the University reserves the right to ask the Client for a guarantee of payment from a UK bank and where the guarantee is not provided within thirty (30) days of said request, to terminate the Contract without liability to the Client.
Overseas Clients. If the Hirer does not have a UK address or where the UK is not the Hirer’s main place of residence, the University reserves the right to ask for guarantee of payment from a UK bank and to cancel the Booking if the Hirer cannot provide this on request. The Hirer will have the right to withdraw a provisional Booking without charge within 7 days of such a request if this is not acceptable.
Overseas Clients. When letting property and collecting rents for overseas Landlords, the Agent is obligated by the Taxes Management Act (TMA) 1970 and the Taxation of Income from Land (Non-Residents) Regulations 1995 to deduct tax (at the basic tax rate) to cover any tax liability, unless the Landlord has been authorised in writing by Inland Revenue to receive rent gross. A standard quarterly charge will be made for this service, and reasonable administration expenses may be charged by the Agent for additional work requested by the Landlord, the Landlord’s accountant, or the Inland Revenue in connection with such tax liabilities. Please refer to the Scale of Fees section.
