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DownloadTax investigations are time consuming, disruptive and can cause a great deal of stress.
We offer a Tax Fee Protection Service which will give you increased peace of mind in case of an HMRC investigation. As accountants and business advisers, we are seeing an increase in tax enquiry activity. The expense and worry it can create is something this service can help to shield you from.
Working with a leading provider of fee protection cover, we have arranged to offer our clients a comprehensive fee protection package at competitive rates.
How does tax fee protection work?
Tax fee protection is designed to reimburse you or your company for the costs of representation (such as accountancy fees) if you are selected by HMRC for enquiry. With professional fees properly underwritten, you are able to challenge unreasonable or opaque tax assessments from HMRC.
If you’re a BKL client, we strongly advise you to subscribe to the service. Once HMRC starts an investigation, you are responsible for providing all the information HMRC demands and it is likely you will need our help. Tax enquiries can cost many thousands of pounds and take several years to settle. Our service will cover professional fees up to £100,000 and help us to get the best possible outcome for you.
Fee protection is provided in the event of:
- Full and aspect enquiries into corporation tax returns, partnership tax returns, sole trader tax returns, personal tax returns
- Disputes into VAT, employer compliance (PAYE, P11D and NIC), IR35, personal tax returns
Recent developments
Our solution will also protect you for any investigations into approved Coronavirus Job Retention Scheme and Self-Employment Income Support Scheme payments.
Given the huge financial cost of the UK Government’s coronavirus support schemes, it is likely that HMRC will have an even greater focus on its tax receipts. There has never been a better time to safeguard against the threat of enquiry.
We have further information about our tax fee protection service. You can also contact us using our enquiry form for more details.
Chris Smith
Director of Personal Tax ComplianceT +44 (0)20 8922 9160
E chris.smith@bkl.co.uk
