Anyone who sends in a tax return or business accounts to HMRC is at risk of a tax enquiry or inspection. If it happens to you, the questions will be detailed and time consuming to answer. Even if HMRC does not find any extra tax to pay, the costs to defend you could be substantial!

Our normal annual fees do not cover the additional professional costs of handling tax enquiries and compliance checks. However, you can obtain protection against the potentially high costs of such fees by subscribing to our Tax Fee Protection (TFP) service. 

What is it?

Our Tax Fee Protection Service protects against professional fees incurred defending clients when HMRC checks whether a client has paid the correct amount of tax.

The costs of defence in most reviews carried out by HMRC under the tax legisltation are covered, including full and aspect tax enquiries, VAT and PAYE/NIC compliance checks and business records reviews.

What does it cover?

This service includes professional fees for defending clients in the following HMRC tax enquiries, compliance checks or inspections:

  • Corporation Tax and Income Tax full or aspect enquiries
  • PAYE/NIC compliance checks
  • IR35/Employment Status/CIS enquiries and disputes
  • VAT compliance checks
  • Business record checks, inspections and interventions under HMRC's Information & Inspection Powers at Schedule 36 FA 2008
  • Inheritance tax / Probate return enquiries
  • Stamp Duty and Stampy Duty Land Tax Enquiries
  • National Minimum Wage / National Living Wage enquiries
  • Child tax credit enquiries
  • Student Loan enquiries
  • Gift Aid enquiries
  • Companies House confirmation statement enquiries
  • Enquiries into Scottish taxes

An additional benefit of subscribing to this service is that support is available on general legal issues and the complex areas of Employment Law and Health & Safety. You will be able to use this free of charge to obtain complementary expert advice on such issues when you need help. 

The Summary of Service gives more detail of what is included within the service and can be downloaded via the link below. 

Summary of Service.pdf

How much does it cost?

  • Private Client (Personal Tax Return only)                            - £84.00
  • Business with turnover up to £100,000                                - £174.00
  • Business with turnover between £100,001 - £999,999     - £299.00
  • Business with turnover between £1 million - £10 million  - £393.00

If you are a business with turnover over £10 million, please call us for a bespoke quote. 

Please note that the above premiums include VAT at a standard rate of 20%. The fees quoted are for a 12 month fee protection service commencing on 1st January 2019. 

How to sign up?

We have made it easy to subscribe to our Tax Fee Protection service.

To pay online, using your debit or credit card, please click on the link below. Alternatively, please contact us on (024) 7671 5111 to make payment over the telephone.

 

Make an online payment for Tax Fee Protection Insurance

Get in touch

Muhammed Shabbir

Muhammed Shabbir

Email Muhammed

024 7671 5111

Get in touch

To find your nearest office or get in touch with one of our specialist advisors to see how we can help your business, please go to our contact us page.

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