‘Do you think I need to take out this service?’ It’s always a question we are being asked. The answer is always the same…. ‘We don’t really know”.
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 scheme 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 take out the cover you will automatically gain access to FREE advice lines, this can support you and your business with Employment Law, Health & Safety and Legal Advice.