The Tax Authorities are channelling additional resources into collecting more Tax and VAT. As a result, all businesses are much more likely to face an enquiry, whether random or targeted. These enquires can be complex and extremely costly and can drag on for months. In the current economic climate it is widely expected that the authorities may well look to plug holes in tax revenue by increasing the number of enquiries and investigations it undertakes.
The frequency and complexity of enquiries has increased to such an extent that we feel it is appropriate to offer our clients an alternative to these costs which can regularly amount to over £4000.
To minimise the risks of unforeseen fees and to defend investigations or enquiries, we are working with Peninsula Insurance Services, where you can make a claim for fees that you would be liable for in the following events:
• Income tax Self Assessment Full Enquiries
• Corporation Tax Self Assessment Full Enquiries
• VAT Disputes
• Employer Compliance Disputes (including PAYE, P11D, NIC, IR35)
The cover provides representation costs for up to £75,000 in any one claim with no excesses applied to this cover.
Your Tax Office is making available to our Seafarers/Sole Trader clients the Dispute and Enquiry service for an annual fee of £150 + VAT.
Please contact me for further information.
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