Protect Me

WHEN THE TAX MAN CALLETH!!

Don't panic!

There is a way to ensure that if you are subject to a random tax inspection from the HM Revenue & Customs, all the associated costs are covered by a special insurance policy.

In these days of self assessment it is important to be aware that the HM Revenue & Customs no longer require a reason to conduct a tax investigation. From Sole Traders and partnerships up to big corporations the revenue can come knocking and when they do the associated costs can soon mount.

It is with this in mind that we can let you know of a cost effective and convenient solution that can protect you against paying professional fees for supporting you throughout any of the following;

  • Self Assessment Full Enquiries (income and corporation tax)

  • Corporation Tax Accounts Investigations PAYE, P11D and National Insurance Contributions

  • Disputes H M Customs and Excise (VAT) Disputes

We realise that investigations are on the increase and that being subject to an enquiry can be costly and stressful no matter what the outcome. The policy is taken out by completing a simple proposal form which can be requested from and returned to a&b, tax risk protection, maine house, adlington park, adlington, Cheshire, sk10 4pz you can. Alternatively you can click on the contact us icon and submit your application electronically.

A small annual fee can give you peace of mind and with all the worries associated with being in business, this is one worry none of us want!!

Why Me?

Random inspections are applied to everyone

  • Sole Traders

  • Partnerships

  • Corporations

  • Personal Tax Payers

All the above are susceptible

  • All companies are at risk of a Corporation Tax Self Assessment Full Enquiry and also on examination of their P11D return of benefits

  • All employers are likely to have a PAYE Audit every five years; this may well lead to dispute with the Inland Revenue into issue such as status and the treatment of expenses

  • Each and every VAT registered business will have a control visit which may lead to a dispute

Why Now?

  • Tax Inspectors are no longer required to provide a reason for launching the enquiry

  • Random investigations have increased substantially on the last few years

  • The latest board of Inland Revenue Report shows a 38% increase in additional tax liabilities from all Enquires compared with the previous 12 months

  • The report also reveals a 90% increase in the yield from Income Tax Enquiries The average length of an investigation is 18 months

Why Insurance?

Not only will the insurance cover all accountancy fees in the event of an investigation, we know that clients who take up this service are four times more likely to excape penalties and interest because they are able to defend themselves against HM Revenue and Customs without having to take a commercial decision to concede to their demands.