As you will be aware the last 12 months have provided unprecedented levels of support by the Government for lots of taxpayers by way of grants loans, and the furlough scheme.
Having already seen a number or reviews and enquiries launched by HMRC into a number of support schemes it may be important to consider the options of subscribing to the service against the costs of an enquiry that HMRC may launch into your own tax affairs.
The Spring 2021 budget also announced £100 million was being allocated for a special enquiry task force to focus on the forthcoming tax years.
Whilst no one can prevent an enquiry being launched by HMRC, having cover in place should the situation arise allows for the following:
Whether it’s a PAYE or VAT visit, a technical challenge or a detailed book enquiry, the tax investigations service is designed to provide you with the best support possible.
For your annual subscription cost, you will be protected against professional costs associated with an HMRC enquiry.
Please click the following button to find out more about the service.
As an added service the insurance also provides access to a 24-hour support line which covers Health and Safety support, Legal Support and HR support of all businesses and individuals who subscribe for the Tax Investigation Service.
This additional service will also be crucial in a year where the Furlough Scheme continues to operate and employment law matters become and more complicated.
Any questions you have on the above the please feel to contact the office on 01373 510020 or email email@example.com and we will be able to help.
Our friendly and helpful approach to accountancy, ensures that you understand and are in tune with your finances. Our committed team will communicate with you every step of the way so that you understand the position of your financial affairs – get in touch today.