HM Revenue & Customs (HMRC) check personal and corporate tax returns by opening formal enquiries. They check VAT returns and PAYE returns by undertaking compliance visits and raising assessments if they believe there are errors.
Following the Institute of Chartered Accountants in England and Wales' advice on Best Practice, HPH offers a fee protection policy to all eligible clients. The policy covers HPH's fees in handling all formal enquiries, however small, and any VAT or PAYE disputes which may follow a compliance visit. There is no excess, and with an upper limit of £100,000 per claim you would be unlikely to find that the claim was not met in full.
Being investigated by HMRC can be disruptive, intrusive and expensive. Cases can drag on for over a year, saddling you with spiraling stress levels and mounting costs, often into several thousand pounds.
An investigation may be triggered when HMRC pick up something they see as unusual on a return. They may act in response to a tip off, or something they spot in the local newspaper, or even an overheard conversation in the pub.
But they do not have to have a reason at all! Every taxpayer is at risk of being chosen at any time, purely on a random basis. No one is immune.
Why choose this policy when there are others available from elsewhere? The answer is simple. Using HPH's policy ensures that the Partner and Team Member who you already know at HPH, and who already deal with your affairs, will be able to handle your enquiry, at no additional cost to you.
Premiums for cover start from just £69 per annum, and you could receive your enquiry letter from HMRC tomorrow . . . For more information telephone or email your usual contact at HPH.
Click Policy Summary and Meeting Your Demands and Needs (Terms of Business) for key details about the Professional Fee Protection policy, brought to you through Croner Taxwise Ltd Fee Protection Insurance.
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