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Any self-employed individual or small business can be subject to a tax enquiry or dispute with HM Revenue & Customs (HMRC). Even with no wrongdoing on the part of the taxpayer HMRC can conduct routine enquiries into their tax affairs. Where you use sub-contractors HMRC can go through and potentially re-classify your sub-contractors as employees and go back to earlier years and calculate the tax that should have been deducted.
The cost of defending such enquiries can potentially be large and it is important to ensure professional representation should HMRC come knocking.
Tax Enquiry Insurance will cover up to £50K of fees incurred by our specialists or your accountant in the event of an enquiry or dispute with HMRC.
Below are some examples that may be covered under a Tax Enquiry Insurance Policy:
You also get access to our tax advice lines which provides unlimited access to our expert advisors for support on any tax or VAT issues that you or your business may encounter.
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Our team of experts are available to talk to Mon-Fri 08.30-17.30 and Sat 10.00-14.00