The Full Service Package - Accounting, Bookkeeping and Tax

One of the biggest worries business owners and tax payers have is an investigation from HM Revenue & Customs. The time, stress and costs involved can be significant. Having your accountant take the lead on the investigation can help with the first two, time and stress, but could make the third concern, cost, even more worrying. We are happy to offer our clients a cost effective solution: Fee Protection Service.

When you subscribe to our Fee Protection Service we are able to make a claim against an insurance policy, in respect of our professional fees incurred when we defend a client who is subject to any of the following events:

• 1 - A full enquiry: This is an extensive examination which considers all aspects of the self assessment tax return. It will involve a comprehensive review by HMRC of all books and records relating to the entries made on the return.

• 2 – An aspect enquiry: This is where HMRC enquires into one or more aspects of the self-assessment tax return

• 3 – A Business Inspection Notice: This is where HMRC exercise their power to request entry to a person’s business premises and inspect the business premises, assets, goods and documents.

• 4 – VAT, PAYE, Construction Industry Scheme, Corona Virus Job Retention Scheme, National Minimum Wage Compliance Visit: This is where HMRC wish to carry out a routine compliance visit.

• 5 - VAT Disputes: This is a challenge by HMRC to the accuracy or completeness of returns submitted.

• 6 – PAYE, NIC, CIS Disputes: This is a challenge by HMRC to the accuracy or completeness of returns submitted in accordance with Pay As You Earn/CIS Regulations.

• 7 – Employment Status Disputes: Where HMRC state that an individual previously classed as self-employed should have been subject to PAYE.

Please get in touch to ask us for a quote or more information.