Over 80% of all tax investigations by HMRC now arise from leads generated by its £80million database system, Connect, according to recent reports. The new reliance on automated systems to identify targets means taxpayers face increased risk of an investigation. Connect was first launched in 2010, to gather data and information from multiple sources, including banks, local councils, land registry and even social media, to help HMRC identify where tax avoidance may be an issue.
Consequently, everyone is now at greater risk than ever of being investigated by HMRC. If it happens to you, the questions will be detailed and time consuming to answer. Whether or not HMRC finds extra tax to pay, the costs to defend you can be substantial.
We strongly recommend that all clients are protected against such unexpected costs. Clients can achieve this simply and inexpensively by taking out tax fee protection insurance cover.
Professional fees for defending clients in tax enquiries can be claimed under the insurance policy. Details of the circumstances in which claims may be made are set out in a Summary of Cover document which can be viewed here.
An additional benefit is that clients who need support on general legal issues and the complex areas of Employment Law and Health & Safety can obtain complementary expert advice on such issues.
Then choose Your Quote (on the right-hand side of the page) and select the appropriate fee that reflects your status.
First you will be required to register by selecting the New Client option when presented.
We are delighted to pass on a 20% discount to you from Qdos by entering the code QVL20 when requested. Please note that this is valid till 30th April 2017.
If you have any questions about Tax Fee Protection Insurance, please call us on 01483 205850.
If you would like to see the full Policy Wording, we can provide a copy on request. Please see the ‘Demands & Needs and Terms of Engagement’ statement here.