Tax Fee Protection Insurance

The tax authorities are channelling additional resources into collecting more tax and VAT.  As a result, all businesses are now much more likely than ever before to face an enquiry, whether random or targeted.  Defending clients in these circumstances is an area in which we have considerable expertise, but the costs can be extensive, as enquiries and disputes can drag on for many months.  Even if no additional tax is found to be due, your business would be faced with these costs which could be quite significant.

The frequency and complexity of enquiries has increased to such an extent that we feel that it is now appropriate to offer our clients an alternative to these costs.

After researching the major providers of this type of cover we have chosen Peninsula Business Services Ltd.  Peninsula is the UK’s leading Personnel, Employment Law and Health and Safety Consultancy.  It has launched Taxwise Professional Fee Protection to provide peace of mind against the ever increasing threat and cost of investigation.

This additional service will enable us to offer our clients peace of mind, in ensuring that additional costs are no longer charged to our clients in the event of:

Income tax self assessment full/aspect enquiries

Corporation tax self assessment full/aspect enquiries

VAT disputes

Employer compliance disputes (PAYE/P11D/NIC/IR35)

Please note that if your business is a limited company or partnership then the directors or partners are also covered personally at no extra cost.

This new service is not compulsory and it is up to the individual client as to whether they require the cover available.

Any clients currently involved in HMRC enquiries can only benefit from this new service once the existing enquiry is closed.

Please do not hesitate to contact our office, should you have any points you wish to discuss.

Click here to download a PDF with more information about this service.