Professional Fees Protection Service
The number of tax enquiries being opened by HMRC is increasing every year. With government borrowing and spending at record levels, HMRC have been tasked with collecting more taxes and duties than ever before. Businesses can be selected at random for enquiry or they may operate in a business sector that is perceived to be high risk from a tax loss perspective or that, for some reason, is just under the HMRC microscope (like IR35 contractors).
In many cases once the tax enquiry has been concluded no additional tax, penalties or interest end up being due. But the business that has been under the spotlight will have absolutely no recourse to claim from HMRC the defence costs it has suffered in defending itself. The cost of defending a tax enquiry can be thousands of pounds.
In comparison with these irrecoverable defence costs, the cost of the Antony J. Holdsworth & Co Professional Fee Protection service is insignificant. We buy a master insurance policy upon which we can claim in the event that one of our clients (who has chosen and paid to participate in the scheme) is selected for a tax enquiry.
Related Links
- Find out about our Tax Enquiry defence service
- Get our free guide How To Avoid And Deal With Tax Investigations
- Our FREE IR35 Survival Guide covers IR35 investigations
- Are you paying too much tax? Find out about our exclusive Tax Planning solutions.
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