Fee protection insurance
As of April 2009 HM Revenue & Customs (HMRC) were granted increased powers of investigation and a stricter penalty regime, allowing them to undertake an informal check of all areas of a taxpayer’s affairs within a single compliance check. As a consequence enquiries are becoming more complex and the cost of responding higher.
Dealing with an HMRC investigation, whether into PAYE matters or the company’s accounts, can be time consuming and a distraction from running the business. Therefore it is essential for accountants to offer clients the opportunity to purchase protection against these costs. Fee Protection Insurance provides this protection.
Bluefin Professions has selected Abbey Tax Protection as our preferred partner for the provision of fee protection insurance. They share our commitment to client service and have an excellent scope of cover.
Other benefits include:
Abbey Tax's fee protection schemes are tailored to meet the specific needs of your practice and clients with policies providing cover for reimbursement of costs up to £75,000 in the event of:
- Income Tax Self Assessment Full & Aspect Enquiries
- Corporation Tax Self Assessment Full & Aspect Enquiries
- HMRC Employer Compliance Disputes
- HMRC VAT Disputes
- IR35 Disputes
- PAYE & VAT Pre-Dispute Cover
Schedule 36 reviews including:
- Business Records Checks
- Attendence at routine compliance visits
- Dealing with routine correspondence following a compliance visit
- HMRC requests for the production of documentation
- Intervention type letters
For more information or to obtain a no obligation quotation call 0117 929 3344 or email enquiry.professions@bluefingroup.co.uk.
If your insurance policy is not yet due for renewal, register your interest now and we will arrange to contact you prior to the renewal of your current policy.
