The current state of the UK finances means spending cuts in the public sector and an increase in the amount of the taxes we pay. Also it means more investigations and enquiries into our tax affairs by HMRC. Tax Investigation Insurance will give you peace of mind in the event of an Enquiry/Investigation by HMRC.
Our group policy is with Markel Tax, the market leader in the provision of tax investigations insurance to the accountancy profession. Markel Tax is a trading division of Markel Tax Consultancy Services Limited which is authorised and regulated by the Financial Conduct Authority so you can be assured of the highest standards of service.
As a business client, by subscribing to this service you will also receive free telephone access to a 24 hour Business Legal Advice line for advice on matters including Employment & Personnel, Health & Safety and other commercial issues.
The cost of the annual cover is as follows:-
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Personal (including businesses with annual turnover up to £15,000)
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£47
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Sole Trader (with annual turnover over £15,000)
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£138
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Limited Company/Partnership (includes directors/partners personal tax returns)
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£165
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Notes:
- Please note this policy is only available to clients of Raymond Benn & Co Limited
- The annual charge includes insurance premium tax of 12%.
- Maximum cover for the full enquiry is £125k with no excess. Maximum cover for the aspect enquiry is £2,500 (£5,000 for Companies), with no excess.
- The annual charge includes an administration charge for Raymond Benn & Co, which is approximately 50% of the cost from the insurer.
Click here to email us for further information of if you would like to ask us a question.
This material provides only an overview of the regulations in force and no action should be taken without consulting the detailed legislation or seeking professional advice. Therefore no responsibility for loss occasioned by any person acting or refraining from action as a result of the material can be accepted by the authors or the firm.