HMRC can open enquiries at any time, even where returns have been prepared with care. Tax investigation insurance is designed to help cover professional fees incurred in responding to eligible HMRC enquiries, giving clients confidence that support will be available when they need it most.
What this service is designed to cover
(Always subject to the specific policy terms, conditions and limits.)
- Professional fees for dealing with full or aspect enquiries into self assessment and corporation tax returns
- Representation costs in many VAT, PAYE, National Insurance and CIS compliance checks
- Assistance with HMRC information requests, inspections and meetings linked to covered enquiries
- Support through negotiations and appeals processes relating to those enquiries
How this helps in practice
- A company selected for a full corporation tax enquiry can instruct its advisers to respond thoroughly, with much of the fee cost met by the policy.
- A contractor undergoing an IR35 review receives detailed professional support without worrying about escalating fees.
- A business facing a VAT inspection that extends into a broader investigation benefits from professional representation partially funded by the insurance.