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Tax Investigation Insurance

Regardless of how careful you are with your tax affairs, HM Revenue & Customs can randomly select you for a tax enquiry.

You'll be responsible for proving your innocence or agreeing to the Tax Inspector's demands.  Unfortunately, your defence will cost considerable time and money - even a basic tax enquiry can cost you several thousands of pounds and typically last up to 19 months!

Our Tax Investigation Insurance, which is only available to our clients, will provide you with full, expert representation from a James Cowper Kreston expert to handle HMRC on your behalf and negotiate the best possible result for you.  For only a small annual fee, you'll get an outstanding level of protection and complete peace of mind. You have to be a client of James Cowper Kreston at the time of taking out the policy.

The tax authorities are cracking down on tax compliance to rake in huge sums of money for the Exchequer and innocent taxpayers are being caught in the crossfire.  Please remember that:

  • You can be randomly selected for an enquiry
  • Tax Inspectors now have police-like powers to visit business premises to review your records
  • HMRC has recently recruited 2,500 new compliance officers to assist with investigation work
  • Accountancy fees can easily be as high as £10,000 to handle this specialist work
  • Professional representation is vital to ensure you only pay the right amount of tax
  • Without this service, you will be responsible for all of our costs for your defence

In addition to random enquiries, over the past 2 years, HMRC has targeted specific trades and professions in order to increase the tax - Hospital Consultants, Plumbers, Vets, Cash Trades and particularly Personal Clients have all felt the fury of the taxman.  Even worse are the Business Records Checks where HMRC are selecting 20,000 SME's each year to review the types of records they hold.  These Checks have already begun so subscribe to our insurance today to ensure you are fully protected.

Our Tax Investigation Insurance includes the following:

  • Income Tax Self Assessment Full and Aspect Enquiries
  • Corporation Tax Self Assessment Full and Aspect Enquiries
  • HMRC IR35 Enquiries
  • Employer Compliance Disputes (Including PAYE, P11D and NIC disputes)
  • HMRC VAT Disputes
  • Schedule 36 Enquiries and Business Records Checks

View Key Facts document - download >>

View Demands and needs statement - download >>

View the latest update on HMRC Investigations here.

Business clients who have a policy have access to a 24 hour, 365 days a year business and commercial telephone helpline that is run by experienced advisors.

To find out more, or to subscribe, please contact Jo Grieve or call +44 (0)1635 553261.  Alternatively contact your normal James Cowper Kreston representative.

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