Tax Investigation Fee Protection
We recommend that all of our compliance clients take advantage of our Tax Investigation Fee Protection Policy through CCH.
HM Revenue & Customs has continued to increase its investigative activities - and this trend shows no signs of slowing. The resulting costs of mounting a defence can run into several thousand pounds - even if there's no additional tax due!
Fee protection insurance would pay for the professional fees required for us to represent you in the event of an investigation, aspect enquiry or dispute with HM Revenue & Customs.
Facts and Figures :
- The yield from PAYE compliance reviews - both full and aspect enquiries - has increased from £468 million in 2003/04 to £1,066 million in 2006/07.
- The average yield per case for full enquiries in 2006/07 was £9,586, for aspect enquiries £5,970.
- HM Revenue & Customs randomly selects around 6,000 returns each year for a full enquiry.
- For every full enquiry issued, there are nearly 10 aspect enquiries raised.
- HM Revenue & Customs state that Sole Traders and Partnerships should be targeted for enquiry more.
Click on the video below to watch our CCH presentation.
To take advantage of this fee protection, please click here to access a copy of the declaration form which will need to be printed, completed, signed and returned along with a cheque made payable to Bishop Fleming, to Lisa Perry at our Exeter office.
You will be notified that cover is in place on receipt. The premium is dependent on the applicable category; for businesses, this is determined by your annual turnover.
Should you have any questions please telephone Lee Hellingsworth on 01803 291100, or email lhellingsworth@bishopfleming.co.uk.