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

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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.