TAX ENQUIRY INSURANCE

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 SUMMARY

• 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

MORE POTENTIAL CLAIMS

Below are some examples that may be covered under a Tax Enquiry Insurance Policy: 

• HMRC undertook a PAYE review into a building contractor and challenged the status of sub-contractors arguing that they were under the direct supervision and control of the building contractor and there was no obvious right of substitution.  Our experts successfully defended the contractor, pointing to the working practices and successfully demonstrating that the sub-contractors were genuinely self-employed.  The enquiry closed with no additional tax to pay. 

ADVICE LINES

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.