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© 2016 Sterling Accounting Solutions Limited is a company registered in England and Wales under number 07787772. Sterling Accounting Solutions Limited is a member of the Institute of Chartered Accountants in England and Wales Practice Assurance Scheme under registration number C004248247.

Tax Enquiry Insurance

On average, full HMRC investigations last 16 months and could cost you and your business thousands of pounds in penalty taxes, interest and accountancy fees.

The Facts...

  • Nearly half of HMRC’s entire workforce is engaged in pursuing their compliance and enforcement agenda

  • The introduction of Making Tax Digital on 1st April 2019 will make it easier for HMRC to identify suitable cases for investigations

  • Over £400bn of sales a year are made via card and HMRC intends to exploit this data to check the accuracy of accounts submitted by SMEs

  • HMRC also carry out random investigations, so even if you have done nothing wrong, an investigation could still cost you money

Policy Features

 

£100,000 indemnity with no excess for:

Any compliance check or visit (regardless of whether a dispute has yet arisen) and any investigation started by HMRC regarding the policyholder’s compliance.

This Includes...

  • Corporation Tax Self Assessment

  • Income tax Self Assessment

  • PAYE

  • P11D

  • National Insurance

  • Construction Industry Scheme

  • IR35

  • VAT

  • National Minimum Wage

  • Gift Aid legislation and regulations

Pricing

Individuals & Partnerships

Price per individual/partner

Fee Protection Service: £75

Small Limited Company

Limited company with turnover up to £5m and up to 2x Directors

Fee Protection Service: £125

Medium Limited Company

Limited company with turnover greater than £5m but not more than £10m and up to 4x Directors

Fee Protection Service: £250

Large Limited Company

Limited company with turnover greater than £10m and unlimited Directors

Fee Protection Service: £400