Tax Protection

Tax ProtectionArranged through ABBEY tax PROTECTION

It can take thousands of pounds in professional fees to just prove your innocence – unexpected costs which are unwanted and unecessary.

Defending your finances can be a lengthy and time consuming process of leafing through old cheque book stubs and receipts to justify ever purchase, right down to clothes for your family or the cost of a holiday.

Tax investigations regularly take up to 2 years or more to resolve and often result in thousands of pounds of additional accountancy fees.

But you don’t need to leave your financial security to chance…

Our tax investigations service covers the cost of professional fees in the event that you are investigated by the Revenue. This service is fully backed by an Insurance Policy which the practice has taken out with Abbey Tax Protection. We are able to make a claim in respect of up to ?75,000 of the fees that we accrue when we defend a client who is under investigation by the Revenue Authorities.

Our tax investigations service

Our Tax Investigations Service covers the cost of fees which we incur when we defend a client who is under investigation by the Revenue Authorities in respect of any of the following events:

Income Tax Self Assessment Full Enquiries
This is where the Inspector issues a formal Notice under S9A or S12AC of the Taxes Management Act 1970 and requests sight of all the business books and records or, in the case of a personal taxpayer, all the underlying documents used in the preparation of the Self Assessment Return.

Corporation Tax Self Assessment Full Enquiries
This is where the Inspector issues a formal Notice under S24(1) Schedule 18 Finance Act 1998 and asks to examine all the company business books and records.

IR35 Enquiries
Cover is available where the Revenue challenge the status of a Contract for Services and invoke the IR35 legislation. The contract must have been strictly adhered to and there must be a reasonable prospect of successfully contesting the Revenue’s allegations.

Employer Compliance Disputes
Cover is triggered in respect of PAYE, P11D and NIC disputes when HM Revenue & Customs (HMRC) issue a letter, statement of liabilities or assessment, following an Audit visit, and where there is a prospect of reducing the alleged liabilities.

HMRC VAT Disputes
Cover is available after a control visit, where there is a prospect of reducing the alleged VAT liabilities.

The main exclusions in this policy are:

This is where the Inspector issues a formal Notice under S9A or S12AC of the Taxes Management Act 1970 and requests sight of all the business books and records or, in the case of a personal taxpayer, all the underlying documents used in the preparation of the Self Assessment Return.

  • Claims arising where the annual Returns/accounts are submitted ‘late’
  • Investigations by Special Civil Investigations, Criminal Investigations Office and Code of Practice 8 and 9 cases
  • Fees incurred prior to the written acceptance of a claim
  • Enquiries and disputes starting before, or at the time the insurance is taken out.
  • Disputes conducted into the National Minimum Wage and Tax Credits
  • Attendance at routine VAT and Employer Compliance visits
  • Aspect Enquiries where HMRC is merely raising a routine Enquiry into a part of the Self Assessment Return.

As an additional benefit, by taking out this service all business clients receive access to a free 24 hour, 365 day a year Business Legal Helpline provided by Abbey Protection Group Ltd. This advisory line will give you advice on:

  • Employment and Personnel
  • Health and Safety
  • Contractual Law

You can trust us! We have many years experience dealing with tax investigations; we keep you fully informed as to the progress of an investigation and we always accompany clients to interviews with the Inland Revenue.