Professional Fee Insurance

If you are self employed or run a business, you could be at risk from a random Revenue and Customs tax investigation.

What would happen if you were selected at random for a tax investigation tomorrow? Could you afford the additional fees that will inevitably be charged by your accountants and other professional advisors?

Could you afford to deveote the many hours of time required to answer hundreds of questions about transactions that could have taken place up to six years ago?

Would all of the information you require be in one place and easily recoverable?

At any time, Revenue and Customs can issue a notice to examine all of your business books and records. They don't have to give you a reason and just about anything could trigger an investigation, whether it be Income Tax, Self Assessment, Corporation Tax, Employer Compliance, VAT disputes or even the unpopular IR35.

Affordable Professional Fee Insurance is avaialble to the self employed and limited companies, enabling you to claim for any professional fees incurred as a result of a tax investigation.

Depending on the complexity of your business, this could save you tens of thousands of pounds in accountacy and other fees.

Even if the Reenue and Customs find nothing wrong with your books, you will still be expected to pay unexpected professional fees as a result of the investigation.

There is nothing you can do to prevent a tax investigation, but you can protect yourself from unexpected fees.