Tax Investigation Cover
Stern & Company offer all their clients cover against the cost of professional representation during a HM Revenue & Customs, VAT or PAYE investigation. We understand that few individuals or businesses will escape an investigation, be it random or selected for more than 5 or 6 years.
HM Revenue & Customs has powers to investigate income tax payers at random, and the number of these investigations is expected to increase dramatically over the coming year. If you are a Self Assessment tax payer, an employer filing P11D forms on employee benefits, or VAT returns, or you are responsible for employee's PAYE - you could be subject to a random investigation.
Professional Fee Protection covers:
- Personal Full Enquiry: The issue by HM Revenue & Customs of a formal notice under s 9A of the Taxes Management Act 1970 notifying a full enquiry into the non-business affairs of the Client.
- Personal Aspect Enquiry: The issue by HM Revenue & Customs of a formal notice under s 9A of the Taxes Management Act 1970 notifying an aspect enquiry into the non-business affairs of the Client.
- Business Full Enquiry: The issue by HM Revenue & Customs of a formal notice and request to examine all the business books and records of the Client under s 9A or 12AC of the Taxes Management Act 1970 or pursuant to paragraph 24(i) of Schedule 18 of the Finance Act 1998.
- Business Aspect Enquiry: The issue by HM Revenue & Customs of a formal notice to enquire into aspects of the business books and records of the Client under s 9A or 12AC of the Taxes Management Act 1970 or pursuant to paragraph 24(i) of Schedule 18 of the Finance Act 1998.
- Employer Compliance Dispute: Disputes following an employer compliance visit by HM Revenue & Customs which results in an expression of dissatisfaction with the Client’s PAYE and/or NIC affairs or the Insured’s P11D’s or P9Ds, IR35 legislation.
- VAT Dispute: A dispute following the issue by HM Revenue & Customs of an assessment, written decision or statement of alleged arrears relating to Value Added Tax or default surcharges or penalties.
The insurance pays up to £75,000 in Professional Expenses - which would pay for our fees or any experts you may need to support your case.
We can't stop the authorities from commencing enquiries, but this cover does mean you will benefit from excellent advice when you need it most.
We offer Tax Investigation Cover FREE OF CHARGE to all new clients of the firm for the first year.
