Everyone is at risk
Anyone who sends in a tax return or business accounts to HM Revenue & Customs (HMRC) is at risk of a tax enquiry or inspection. Thousands of individuals and businesses are selected for such checks every year.
If it happens to you, the questions will be detailed and time consuming to answer. Even if HMRC do not find any extra tax to pay, the costs to defend you could be substantial and can easily amount to hundreds or thousands of £s.
Most accountant’s normal annual fees do not cover the additional professional costs of handling tax enquiries and compliance checks. You can obtain protection against the potentially high costs of such fees simply and inexpensively by subscribing to our Tax Fee Protection (TFP) service.
You can learn more about the coverage and details via the button below.