Tax Investigation Insurance Service

Tax Investigation Insurance

Now days, tax legislations become more complex for individuals and businesses because of not paying enough taxes to HMRC. HMRC implemented many new measures to tackle the critical problem of tax evasion in order to catch those tax payers who are not making full tax payments to HMRC.

Tax investigation insurance policy is a scheme which helps clients in covering the professional or legal fees resulting from investigation done by HMRC.

If you are a honest taxpayer and declaring your accurate income and paying taxes to HMRC without fail, still you are having chances that HMRC can pay you a visit in order to inspect your records from corporate income & PAYE to NI, capital gains & VAT. In any case, after checking your record, any enquiry is being done by HMRC against you could end up in a costly affair. Therefore, it is better that you should make a provision to reimburse your professional or legal fees you incurred while defending yourself against HMRC in the event of tax enquiry. Tax investigation insurance not only reimburses your professional fees or legal fees but also saves your lots of pounds.

What Tax Investigation Insurance Reimburses?

Tax investigation insurance reimburses the following professional or legal expenses incurred as a result of HMRC disputes & investigations –

1. PAYE, P11D & NIC disputes
2. IR35 disputes
3. HM customs & excise VAT disputes
4. Any compliance issue with self-assessment of income tax & corporation tax
5. Disputes related to construction industry
6. VAT disputes (Notice of civil penalty)
7. Dispute arising from underpayment of the national minimum wage.
8. Any claim for enquiries related to tax, child tax etc.
9. HMRC request to inspection for assets, documents, records or business premises according to section 36 of the finance act 2008.
10. Others

Benefits of Tax Investigation Insurance

1. Reimbursement of professional or legal fees
2. Saves lot of money
3. Removeburden of paying a huge amount
4. Professional advice at no addition cost

How FinacBooks help in providing tax investigation insurance?

FinacBooks is a leading UK portal providing accounting, finance & taxation services to freelancers, contractors, consultants and small businesses. We are having more than 10 years of experience helping individuals and businesses in providing tax investigation insurance. We will guide you through the entire process of getting tax investigation insurance. To avail the best deals on tax investigation insurance, kindly call us at 03300886645 or you can also e-mail us at business@finacbooks.com.