Tax Investigation Fee Protection

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.

You can get cover for the following…

• 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.

What is our Tax Enquiry Fee Protection Service?

Our Tax Enquiry Fee Protection Service covers you against the cost of additional accountancy fees that you incur as a result of being investigated by HMRC.

Tax investigations are time consuming, complex and stressful. You will require specialist advice from us during an enquiry. The more complex your case the greater the amount of time and resource we will need to dedicate to you.

Unfortunately, these additional accountancy fees can run into thousands of pounds. As a Practice we want to protect you from this burden, that’s why we recommend that our clients take out our Tax Enquiry Fee Protection Service. This service will safeguard you from the cost of the accountancy fees associated with an HMRC enquiry.

What Happens During An Investigation?

HMRC can investigate any taxpayer, both individuals and businesses are at risk.

Tax investigations can last for many months, even years. During this time you will find yourself likely to incur accountancy fees as well as having to deal with costly business disruption and probing questions from HMRC. Even if you’re found to owe nothing you will still be liable to pay your professional representation fees.

It’s vital during an investigation, however small it may be that you seek professional representation from the outset. Our Tax Enquiry Fee Protection Service will cover the cost of our fees as well as providing you with access to our experts in handling HMRC enquires and managing your claim.

Why Do I Need To Get Protected?

Your chances of being investigated are increasing year on year. We can protect you from the costs of any additional fees that arise should you be subject to investigation. With the service you will benefit from expert advice throughout the enquiry.

HMRC now uses data matching, automated triggers and sector-specific targeting. This means any business can be chosen for review, even when fully compliant. Being unprepared can lead to unnecessary stress, additional work and avoidable costs.

• £46.86 billion – The estimated gap between what the HMRC should collect and what it does collect.
• £30.1 billion – 60% of the tax gap falling with small businesses and wealthy individuals.