At CBHC, we’re always looking for proactive ways to safeguard our clients’ interests, as well as helping their business to grow. This is why we’re letting you know about an important scheme that we’ve invested in, which is designed to remove the financial burdens associated with a tax investigation.

Tax enquiries can be raised for a number of reasons: the nature of the business; a suspect or incomplete set of accounts or tax return; a specific technical issue; or as part of a random selection.

HM Revenue & Customs was given further investigative powers last year, as well as the support of a dedicated action team. Unfortunately this means that the likelihood of a tax inspection has risen.

When they do occur, tax investigations can be a very lengthy process – more than two years is not uncommon – and this requires a significant amount of enquiry work. The associated costs can be considerable, totalling in excess of £3,000 on average in the UK.

This is where we can help. We can provide you with specialist insurance which will cover you against the accountancy costs incurred as the result of a tax investigation. This includes clients who are subject to:

  • A full enquiry
  • An aspect enquiry
  • VAT disputes
  • PAYE/NIC disputes
  • IR35 disputes
  • A business inspection notice
  • Partners/Directors cover
  • Business record check

What’s more, we can also provide you with unlimited access to a dedicated team of legal consultants, barristers, solicitors and legal executives with our round-the-clock legal helpline. With this service you can seek immediate advice on any commercial legal problem you may be experiencing or are worried about.

The cost of our tax investigation insurance is just £199 per year, and includes accountancy fee cover plus access to the legal helpline.

For many business owners, even the prospect of undergoing a tax inspection is enough to make them lose sleep, let alone facing the nightmare of actually going through one. For £199 this worry can be taken off of your hands, so that you can get on with what you do best – running your business.

To find out more about our tax investigation insurance, please contact the Tax Team at CBHC by calling 01245 495588 or email info@cbhc.uk.com