Payment terms

Fees and payment terms

Subscription fees for the use of the service are payable monthly in advance by the customer. Subscription rates are advertised on our website and Terra Finance Limited reserve the right to vary these from time to time.

All prices, subscriptions and fees quoted on our website are in UK pounds sterling. All fees are subject to VAT at the current rate as applicable.
It is a requirement of our services that all customers agree to set up a direct debit mandate up for the payment of monthly subscriptions and other “one-off” fees for optional services.

If you do not accept that an invoiced fee is fair and reasonable you must notify us within 21 days of receipt, failing which you will be deemed to have accepted that payment is due. 

Non-payment

If any subscription is not paid at the due date Terra Finance Limited shall be under no obligation to provide the service.

In the event of an unpaid direct debit we shall give notice to the customer that the direct debit will be re-presented for payment 14 days after the due date. Should this direct debit payment still remain unpaid Terra Finance Limited reserve the right to suspend all services including access to the customers online accounting records until the account is brought fully up to date.

We also reserve the right to suspend our services or to cease to act for you on giving written notice if payment of any fees is unduly delayed. We intend to exercise these rights only where it is fair and reasonable to do so.

If we withdraw access to the service no refund will be payable by us.

Suspension or termination of your account could lead to the missing of submission deadlines. Terra Finance Limited cannot be held liable for any fines and interest penalties incurred resulting from missed submission deadlines as a result of suspension or termination due to non-payment of subscriptions or other fees.

We reserve the right to charge interest on late paid invoices at the rate of 8% above bank base rates under the Late Payment of Commercial Debts (Interest) Act 1998.

If a client company, trust or other entity is unable or unwilling to settle our fees we reserve the right to seek payment from the individual, directors, or parent company giving us instructions on behalf of the client and you agree that we shall be entitled to enforce any sums due against the Group Company, directors, partners or individual nominated to act for you.

In the case of a dispute over the level of fees charged we reserve the right to require that the matter is dealt with through arbitration. We recommend that arbitration is undertaken by the fee arbitration service provided by ACCA for members. The fee arbitrator will be appointed by the ACCA president; the fee will be as negotiated with the ACCA arbitrator. 

Cancellation

Customers may close their account at any time by contacting us on info@terra-finance.co.uk. No further subscription fees will be billed and no refund of any subscriptions or fees already billed will be made. Outstanding fees for optional non-subscription services will be collected using the direct debit mandate as agreed. 

Refund policy

If you are not satisfied with other Services or Goods you have purchased from us, you may request a refund by e-mailing info@terra-finance.co.uk or contact us on 020 7118 3667.