Why you need fee protection

HM Revenue and Customs are more determined than ever to claw back money from tax payers.  They no longer need to have a specific reason to investigate your personal or business affairs, yet you have to carry the burden of paying for any professional advice, whether or not they find any errors or outstanding tax.  In our experience, the cost of the average HMRC investigation into your business or private tax return is over £5,000 in professional fees.  The cost though, as you can image, depending on the complexities of your affairs, can be much more than this.  

The cost of cover is very low in comparison to the cost of an investigation and we are sure you would prefer to pay a nominal fee per year and have peace of mind knowing that there is no extra cost to worry about if you do have an investigation or dispute with HMRC.  It is not unknown for businesses to feel pressurised into a tax settlement simply due to the level of professional fees incurred in dealing with an enquiry.

Our Scheme is arranged through market leaders CCH Premier Protection.  Having researched the market we believe the benefits the scheme provides is most suited to the demands and needs of our clients.  In most cases CCH Premium Protection will provide you with the equivalent of up to £100,000 of professional costs per incident, resulting from a written HMRC intervention, including Employer Compliance (PAYE, P11D, NIC) and VAT.

Our policies will be renewed annually starting on 1 April each year.  However, joining the scheme can be done at anytime during the year and costs will be calculated on a pro rata basis.  Cover for company directors and partners are included in the premium for the company or partnership.  Please contact us for more information.