It’s simply good risk management
We recommend all our clients consider joining our Tax Enquiry and Investigation Service. Every year, HMRC carries out enquiries into the tax affairs of an increasing number of individuals and businesses in the UK. Many people find an HMRC enquiry disruptive, intrusive, stressful and ultimately expensive.
Should you join our Tax Enquiry and Investigation Service, you will benefit from the peace of mind that comes from knowing you are protected. Not only does it pay our professional fees in the event of a check on your tax affairs, it enables us to provide expert advice and guidance to you every step of the way.
Are you at risk of an enquiry?
There does not need to be a reason for HMRC to check your tax affairs. Every taxpayer who submits a tax return is at risk of being targeted. Even if you have done nothing wrong, many tax enquiries are conducted at random.
Saving you money and stress
Our service will pay our professional fees that result from most types of HMRC enquiries or full investigation (please ask us for full details).
We have taken out an insurance policy in our own name that is backed by Professional Fee Protection Limited (PfP®), one of the UK’s leading providers. Our policy enables us to provide you with expert advice and peace of mind knowing we will work on your case to resolve the situation up to our service limits.
For limited companies and partnerships, the policy offers inclusive protection for relevant individuals. When the business signs up, all directors, partners, their spouses and the company secretaries of the business will also receive representation during an enquiry into their personal affairs as well as the business.
This protection will not extend to rental income in excess of £50,000 per annum (before expenses) or any other business activities. We need to be acting as the tax return agent for the individuals in question.
Can anyone’s tax affairs be scrutinised by HM Revenue & Customs?
Anyone who submits a tax return can come under scrutiny. Every year, HMRC start enquiries into many thousands of personal and business tax returns and accounts. VAT and PAYE payments are also thoroughly checked.
The aim in every case is to collect more tax. HMRC has collected £30.3 billion from tax investigations in the last year.
How much could a tax enquiry cost me in professional fees?
The questions asked by HMRC are usually very detailed and time-consuming to answer. The costs of defending you can easily run into thousands of pounds, even if little or no extra tax is paid at the end of the enquiry. These costs are not protected by the normal annual fees paid to us.
What is protected by our service?
Under our service, subscribing clients will be fully protected and the practice will claim under our own insurance policy for up to £100,000 of professional costs, in the following circumstances:
- A HMRC enquiry into a personal or business tax return
- A HMRC enquiry into any business accounts, including those of sole traders, partnerships and limited companies.
- A dispute with HMRC where additional VAT is being pursued
- A dispute with HMRC where additional PAYE tax or National Insurance Contributions is being pursued
- A dispute with HMRC relating to the tax status of employees or subcontractors