Tax Investigation Insurance
Protecting you against the worry and cost of an HMRC investigation
Every year, thousands of taxpayers are investigated by HM Revenue & Customs.
Consider these facts:
- Having up-to-date tax records and a conscientious accountant will not prevent you from being investigated. Tax payers are chosen at random – no one is immune.
- Specialist taskforces have already raised around £550 million by targeting specific trades and industries. Many more investigations are planned.
- The Government has invested over £900 million in increased tax compliance activities.
Why you need protection from HMRC
HMRC investigations are highly disruptive and the cost of representing taxpayers through the whole process can quickly spiral.
Our tax investigation insurance (Croner Taxwise) has been specially created to deal with HMRC’s new powers and to protect you against the unexpected cost of an investigation.
Croner Taxwise provides up to £100,000 of professional costs per incident resulting from an HMRC investigation, including checks into your tax return, PAYE, P11D, NIC and VAT affairs.
With this tax investigation insurance in place we can dedicate the right level of representation without having to worry about spiralling costs. To achieve the best outcome from any investigation you need specialist representation and, if we are involved from the start, you are far more likely to escape paying extra tax or penalties.
Other benefits included at no extra cost
For clients who run a business, Croner Taxwise includes access to telephone advice from a team of consultants from one of the country’s leading providers of business advice.
Whether you need in-depth advice or just a second opinion, expert help on employment and personnel, health & safety and commercial legal matters is just a phone call away.
If you would like to know more about our fee protection service, please do not hesitate to contact us.