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. Enquiries are often more complex than in the past and the costs of responding are 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.
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. Clients who subscribe to the Service will also be able to obtain helpful advice about the complex areas of Health & Safety and Employment Law.
Please read the 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 be charged the full amount of any such costs.
The annual service charge is set out on the following table.
If you have any questions want to take out protection, please call & speak with Mary.
|Personal tax clients, including any with business and/or rental income with annual turnover of up to £15,000/£50,000||£ 66.00 pa|
|Individuals with business and/or rental income with annual turnover between £15,000/£50,000 and £10m||£ 108.00 pa|
|Partnerships with annual turnover of up to £10m||£ 168.00 pa|
|Limited companies with annual turnover of up to £10m||£ 168.00 pa|
|Businesses with annual turnover of more than £10m||Please call|