What is Tax Enquiry Insurance?
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.
Tax Insurance Cover
- Renowned experts to defend your case
- Cover for limited companies, sole traders, and partnerships
- Instant cover with documents issued immediately
- Monthly or annual payment options
- UK telephone support