Professional fee protection

The number of tax enquiries being opened by HMRC is increasing every year. With government borrowing and spending at record levels, HMRC have been tasked with collecting more taxes and duties than ever before. Businesses can be selected at random for enquiry or they may operate in a business sector that is perceived to be high risk from a tax loss perspective or that, for some other reason, the business sector is under the HMRC microscope (like IR35 contractors).

In many cases once the tax enquiry has been concluded no additional tax, penalties or interest end up being due. But the business that has been under the spotlight will have absolutely no recourse to claim from HMRC the defence costs it has suffered in defending itself. The cost of defending a tax enquiry can be thousands of pounds.

In comparison with these irrecoverable defence costs, the cost of the Link Chartered Accountants Professional Fee Protection service is insignificant. We contract for a master Fee protection Service with a specialist company recognized by the ICAEW, upon which we can claim in the event  that our participating client/s  is/are selected for a tax enquiry, or we have to attend VAT or PAYE inspections and correspond with HMRC on these matters.

Related Links

1.     Find out about our Tax Enquiry defence service

2.     Get our free guide How To Avoid And Deal With Tax Investigations

3.     Our FREE IR35 Survival Guide covers IR35 investigations

4.     Are you paying too much tax? Find out about our exclusive Tax Planning solutions.

5.     Do you have protection for Employment Law litigation and advice?

What is Covered

With our Professional Fee Protection service you get cover for up to £75,000 worth of defence costs in any one claim in respect of any of the following types of enquiry:

  • Income Tax Self Assessment full enquiries
  • Corporation Tax Self Assessment full enquiries
  • Income Tax Self Assessment aspect enquiries
  • Corporation Tax Self Assessment aspect enquiries
  • PAYE & CIS disputes
  • NIC disputes
  • VAT disputes
  • IR35 enquiries
  • Attendance of VAT and PAYE inspections
  • Any correspondence required on your behalf with HMRC.

(the above details of cover are based upon our current cover at the time of writing and are necessarily in outline form only and are therefore subject to change.  Please inquire from us as to the latest terms of this cover.)