Tax Investigation Fee Protection Service ...

About this Service ...

For many years, HM Revenue & Customs (HMRC) has put extra resources into pursuing more tax. As a result, clients face an increased risk of an enquiry into their tax affairs. In addition HMRC now have wider powers, using these powers HMRC can now undertake an informal check of all areas of a taxpayer's affairs within a single visit or enquiry. HMRC are expected to use the powers frequently and as a consequence enquiries will be more complex and the cost of responding even higher. So it is as important as it has ever been for clients to obtain protection against those costs.

We have considerable expertise in defending clients under enquiry by HMRC. If you are selected for a tax enquiry, we will aim to settle it quickly and minimise the final tax liabilities. Even so, answering all of HMRC's questions takes time and the enquiry could drag on for many months. It can cost thousands of pounds to defend you, whatever the end result.

HMRC have recently changed their approach to enquiry work and now have wider powers. Using these new powers, HMRC can now undertake an informal check of all financial records within a single visit or enquiry. Our Service has been upgraded to include this new exposure.

To provide peace of mind, we are introducing a Tax Enquiry Fee Protection Service. The Service is backed by an insurance policy under which we can claim the costs of defending clients in tax enquiries.

Please read the enclosed information leaflet about the Service. This answers questions you may have about tax enquiries, sets out details of our insurance cover and other benefits, and gives information about our insurance provider.

We strongly recommend that all clients take advantage of the Service. Please note that the costs of tax enquiries are not included in our normal annual fees and clients who do not pay for the Service will becharged the full amount of any such costs.

What is Covered by the Service ...

You will be fully protected by the service and the practice will claim under an insurance policy which provides cover for up to £75,000 of professional costs in the following circumstances :-

Dealing with any correspondence from HRMC

Attendance at any meeting with HMRC

Appeal to the First-tier Tribumal or Upper Tribunal

 

How Much It Costs ...

Client Category	Cost £:
Personal tax clients, including any with rental income of up to £50,000 per annum	£ 69.00
Sole traders with annual turnover of up to £10m and Personal tax clients with rental income of £50,000 or more
Partnerships with annual turnover of up to £10m *	£ 129.00
Limited companies with annual turnover of up to £10m *	£ 149.00
Businesses with annual turnover of more than £10m	POA

Available To Download ...

Your Guide To The Fee Protection Service

Fee Protection Policy Wording

 

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