Anyone who sends in a tax return or business accounts to HM Revenue & Customs (HMRC) is at risk of a tax enquiry or inspection. Thousands of individuals and businesses are selected for such checks every year.
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 and can easily amount to hundreds or thousands of £s.
Most accountant’s normal annual fees do not cover the additional professional costs of handling tax enquiries and compliance checks. You can obtain protection against the potentially high costs of such fees simply and inexpensively by subscribing to our Tax Fee Protection (TFP) service.
Follow our step by step guide below to find out more.
What is it?
Our Tax Fee Protection Service protects against professional fees incurred defending clients when HM Revenue & Customs (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 legislation are covered, including full and aspect tax enquiries, VAT and PAYE/NIC compliance checks, Business Records Reviews, and more. See the ”What does it cover” page for more information.
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
When purchasing a product from our shop you will be first asked to register for an account. Once you have completed our on-line application form and made payment you will be able to log into your account to view your policy documents or product information.
Qdos Broker & Underwriting Services Limited is an insurance intermediary that specialises in the provision of specialist insurance schemes. Qdos Broker & Underwriting Services Limited is authorised and regulated by the Financial Conduct Authority. For further information about Qdos please click here.