Why should you choose a tax fee protection service?
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.
- A record £26.6bn of additional tax was collected through compliance checks in 2014/15
- Extra revenue per year from small business tax enquiries increased to £565m
- The number of people being investigated more than doubled in one year
- HMRC pays record £600,000 to informants
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 advantage of a tax fee protection service.
Professional fees for defending clients in tax enquiries can be claimed under the service. Details of the circumstances in which claims may be made are set out in a Summary of Service 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.
Get in touch
If you have any questions about the Tax Fee Protection Service, please call us on 01483 205850.