Tax Enquiry Insurance Scheme 2019/20
Within the next month we will be mailing all our clients inviting them to join/renew the tax enquiry insurance scheme. For more information please click here.
Sources indicate that HM Revenue and Customs will be targeting more small-medium sized businesses to improve compliance therefore we can expect to see an increase in the volume of HMRC enquiries/compliance checks. Answering all of HMRC’s questions takes time and the enquiries often drag on for months and sometimes take years to conclude. It can cost thousands of pounds to defend you, whatever the end result. The insurance will cover the professional fees incurred in the event of an HMRC enquiry/compliance check therefore giving you peace of mind that no additional accountancy costs will be payable by you directly.
If you have any questions resulting from the letter you receive or indeed any queries regarding the scheme then please do not hesitate to call Ruth Wilson or Tim Taylor on 01623 420269.
Please note that we need all declarations and premiums payable by 1st April 2019 so act quickly when the letter drops through your letterbox.
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