Under Self Assessment HM Revenue & Customs are committed to enquiring into every UK business during the next 10 years.
Adverts, national statistics, newspapers, the internet, and enquiries into other businesses, even as much as an overheard conversation in the pub, can all be the starting point for an investigation. Or they may act in response to a tip off.
In some cases there does not have to be a reason, you could simply be chosen at random and as well as past returns, they may even look at your current year's affairs.
The clients of Mayes Accountants enjoy the protection provided by Abbey Tax which is a tax investigation insurance protection scheme.
There are substantial benefits of being members of this scheme but briefly Abbey Tax covers our clients in the event of:
- Inland Revenue Tax Investigations
- PAYE audit visits
- Full Enquiries under Self Assessment
- P11d compliance visits
- Disputed VAT Visits
- National Insurance Inspections
Membership of the scheme ensures that all Professional fees to defend you are paid by the Abbey Tax insurance cover should you be the victim of any of the above investigations or visits.
Please bear in mind, that without the insurance cover, the accountancy fees for dealing with a full investigation are normally at least £4,000 and can be considerably more.
In addition membership of the scheme entitles you to the benefits of our special client adviser card giving you instant telephone access to FREE help and advice on such matters as:
- Employment & Personnel
- Debt Collection
- Contract Law
- Health & Safety
- Payroll
- Landlord & Tenant
- Business Legal Advisory Service
- Company Law
- Company Secretarial
For more information on how we can help you with tax investigation cover please get in touch.
