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Tax Investigations are becoming increasingly common, and the Inland Revenue are now able to investigate your tax affairs randomly and without reason.
Projections suggest that within the next 10 years all businesses will have undergone an enquiry.
Whatever reason tax enquiries are renowned for their length and complexity. They may take years to complete, and cause a great deal of anxiety even when you don’t owe any additional tax.
Of course this can prove extremely costly to you. In fact, there is a considerable chance that accountancy fees incurred as a result of disputes and investigations will outweigh any extra tax you may have to pay.
Of course, the costs are not only financial, investigations can cause anxiety and distract you from your business.
A simple solution
In order to provide complete peace of mind we are able to offer investigation insurance that covers all accountancy and legal fees in the event of an enquiry. For a small annual cost you can be rest assured that any enquiries by the Inland Revenue can be dealt with in full by ourselves, and that any areas that need disputing with the Inland Revenue can be argued for as long as it takes to get the correct result.
At the present time the fee per annum is £195 for a Limited Company, £160 for a Sole Trader/Partnership and £120 for an Individual, and is dealt with through CCH, one of the leading tax investigation insurance companies in the UK.
To find out more click on the video below or ring us for further details on 01752 752210
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