Fee Protection Insurance
Worried about the accountancy fees of a tax investigation?
HMRC has powers to investigate income tax and corporation tax payers at RANDOM.
With the ever increasing risks of full tax enquiries and investigations, it’s worth considering protecting yourself from the accountancy costs of dealing with it as the amount of work involved is often substantial.
- Self-assessment enquiries;
- VAT enquiries;
- PAYE and benefits enquiries;
- IR35 enquiries.
Even if HMRC finds nothing as a result of any investigation, you will still have unexpected professional fees to pay as a result.
We cannot prevent you from being investigated by the Taxman, but we can help to ensure that you get the best possible support and advice without having to worry about the cost.
With the increased risk of such investigations it may be worth considering taking out an annual insurance policy to protect you and your business from unexpected costs; an investigation will undoubtedly result in additional accountancy work being undertaken. The amount of work will depend upon the complexity of the case but the cost could be substantial.
Fact: Self Assessment has led to a very marked increase in HM Revenue and Customs random enquires resulting in increased professional costs to prove your innocence – it is now a question of when the Revenue will investigate you, not if.
Fact: The Revenue do not have to give a reason for mounting an investigation into your business or personal affairs – everyone is at risk.
- HM Revenue and Customs investigations/full enquiries
- VAT disputes
- Employer Compliance Disputes, including PAYE/P11D
This is an urgent matter as the Revenue are issuing notices daily.
You will have the security of an insurance policy to protect your business costs.
- Employment and personnel issues
- Health and Safety
- Commercial legal matters
We encourage all our clients to take up this cover without hesitation. Please contact us for details of costs.