The risk of a tax enquiry by HM Revenue & Customs (HMRC) has continued to increase and HMRC officers are now using new, wider powers to visit premises and inspect financial records. As a result, tax enquiries are at record levels and are becoming more complex resulting in professional costs of defence inevitably rising.
We offer an insurance policy to cover any professional costs incurred as a result of these investigations.
Enquires are at record levels and many selected completely at random. HMRC has the power to inspect business premises and has established a penalty structure based on subjective ‘reasonable care’ clauses. It also uses the more efficient aspect enquiry to enable inspectors to target a greater number of taxpayers than before in order to identify non-compliant tax returns. HMRC’s approach has the potential to result in lengthy investigations which can be complicated and require our involvement.
The consequences and penalties associated with HMRC enquiries can be hard-hitting so having the fee protection insurance in place in case of an HMRC investigation means we can focus our time and effort entirely on your investigation and you don’t have to worry about our fees.
The benefits of Fee Protection insurance are:
It is important to note that anyone who pays tax can come under investigation so to provide peace of mind, we would strongly recommend our tax enquiry Fee Protection Insurance which enables us to deal with any HMRC enquiry at no additional cost to you.
The Taxwise help lines are one of the most comprehensive telephone advice lines available in the UK. Fully staffed by Taxwise, the help lines provide access to clients of all types and sizes in the following areas of concern:
We are not authorised under the Financial Services and Markets Act 2000 but, our practice is insured by Taxwise Services Ltd which is regulated by