Fee protection service
We offer a comprehensive fee protection service in association with TaxWise Services Ltd, so all our clients are fully protected against the costs of unexpected tax inspections. This is good to know when HMRC are authorised to visit business premises, with very little or no notice, to carry out potentially detailed and expensive investigations.
About HMRC tax inspections
Since April 2009 HMRC has been able to visit business premises to inspect and evaluate their corporate tax, income tax, PAYE, National Insurance, capital gains tax and VAT. These days HMRC are even authorised to issue written queries before you’ve submitted your annual tax returns. Anyone who pays tax can come under scrutiny and HMRC starts enquiries into thousands of personal and business tax returns and accounts every year. VAT and PAYE payments are also thoroughly checked.
Most enquiries are generated by computer risk profiling and many are chosen completely at random. The questions asked by HMRC are usually very detailed and time-consuming to answer. The whole process can be extremely stressful. And the costs of defending yourself can easily run into thousands of pounds, even if you ultimately end up paying little or no extra tax at the end of the enquiry. This is where TaxWise protection comes in.
What is a fee protection service?
The fee protection service we’ve chosen, TaxWise, provides up to £75,000 vital insurance to cover your professional costs under the following circumstances:
- When you have to deal with correspondence from HMRC
- When you need to attend a meeting with HMRC
- When you want to appeal to the first-tier or upper tribunal
Best of all it costs absolutely nothing. TaxWise protection is available to all our clients, free of charge.
Get in touch for accountancy with added extra protection
If you want to work with a local firm of Brighton accountants who provide free fee protection services for every client, please contact us to arrange a confidential, no obligation consultation. Or call us on 01273 958 106.