Protect yourself from HMRC investigation costs with our Fee Protection Insurance

HMRC enquiries can happen at any time.  This can be so even if you are fully compliant and your tax affairs are up to date.  Responding to an investigation often requires significant input from us, leading to costly and unexpected professional fees, even if you haven’t done anything wrong.

Fee Protection Insurance offers a simple and cost-effective solution to cover the accountancy fees associated with HMRC investigations, for example into self-assessment returns, VAT and PAYE and Corporation tax

So why would you choose to take out fee protection insurance?

People have different levels of tolerance to risk, but here are just a few examples of reasons why our clients choose to take out this protection:

• Protection against unpredictable costs.  HMRC investigations can be expensive, even when the taxpayer’s affairs are in order. Taking out the insurance ensures you will not incur the cost of our time and expertise.

• Peace of mind.  This is probably the most common reason we hear.  With cover in place, you can rest assured that you will receive expert representation and without having the worry of funding it.

• Investigations are set to increase, especially into small business tax.  HMRC are in the process of recruiting many additional compliance officers and is also using more sophisticated technology to review returns and flag anomalies. Even low-risk taxpayers can be selected.

• Maintains cash flow.  Having the cover avoids unexpected and disruptive professional fees which can have a detrimental impact on your cash flow or and business finances.

Even a routine tax compliance check can take a long time and a lot of financial resources to resolve. With insurance in place, you will not be left covering the cost.

If you do not routinely take out our cover, please give us a call to learn more.  Contact us on  (01756) 7998823 to find out how fee protection insurance can support you and your business.

Disclaimer: Fee protection insurance does not cover your tax liability. It covers professional fees related to an HMRC enquiry or investigation.