Tax Investigations

In recent years HM Revenue and Customs (HMRC) has got tough on non-compliance. Nowadays it carries out random enquiries. We feel it our responsibility to inform you of this and to reduce the risk.  There are often areas of disagreement that need to be argued properly and, where neccesary, carefully negotiated. The cost of dealing with this can be high.

More than a financial cost

And it’s not only the financial costs of investigation you need to consider. The fallout of a lengthy investigation by the Revenue can impact on your personal life. Knowing you have an expert to call on at no cost is very reassuring.

This is why Tax Investigation Insurance (also called Fee Protection Insurance or FPI) proves popular with our clients.

At Chandlers we offer FPI to all our clients, both business and non-business.

Insurance cover is offered up to £50,000 of professional fees for each claim with a lower limit applying to some elements. The main areas covered are:

• HMRC full enquiries.
• HMRC aspect enquiries.
• VAT disputes.
• PAYE disputes.
• National Insurance disputes.

The main exclusions are:

• Enquiries or disputes that commenced prior to your nomination for inclusion under this service.
• Enquiries following the late submission of tax returns.
• Where prime records are not kept.
• Where fraudulent evasion of tax is involved.

At Chandlers we always act on your behalf. You can be sure that if you do have to undergo investigation, you’ll deal with a familiar face.

Talk to us about FPI and discover how it could benefit you.