Fee Protection Insurance

As HMRC have changed the way they investigate tax returns, so we have changed our Fee Protection to suit.

With HM Revenue & Customs (HMRC) new powers of investigation, they now operate an information led approach to targeting non-compliant tax returns.  Their aim is no longer to open as many full enquiries, but to convince taxpayers to hand over money as soon as possible.  And high penalties based on subjective ‘reasonable care’ clauses mean that in the event of an enquiry or intervention it is more important than ever that the team at Ward Williams is able to concentrate our full efforts on your case as early as possible.

Dealing with an HMRC investigation, whether into PAYE matters or the company’s accounts, can be time consuming and a distraction from running your business. Therefore we believe we should offer clients the opportunity to purchase protection against these costs. Fee Protection Insurance provides this protection and can significantly reduce the financial burden you would face if you became the subject of an investigation by HMRC.

What is included in the service?

• HMRC Enquiries, Reviews and Interventions
• A Self Assessment Enquiry or Repayment Claim Enquiry by HMRC
• A review or intervention by HMRC concerning compliance with Self Assessment, PAYE, Social Security, Construction Industry, IR35 or VAT legislation and regulations.

What is not included in the service?

Any enquiry, review, intervention or dispute

a)   by, with or on behalf of HMRC Special Civil Investigations Office or Criminal Taxes Unit; or

b)  carried out under HMRC Civil Investigations of Fraud procedure, Public  Notice 160 or Section 60 of VAT Act 1994; or

c)   where HMRC has issued a Code of Practice 8 or 9 leaflet; or

d)   into compliance with  Tax Credits Legislation; or

e)  concerning a failure to reconcile returns; or

f)   circumstances where you unreasonably failed to implement changes or corrections identified and agreed with HM Revenue and Customs during a previous enquiry, review, intervention or dispute.

• Circumstances we or you ought to have known about before you joined the Premier Protection Client Service.
• The cost of taxes, fines, penalties, interest, compensation or damages which you are required to pay.
• The cost of preparing accounts, records or statutory returns and the cost of professional valuations to support them.
• The cost of reconciling returns.
• The cost of compliance work ordinarily capable of being completed by you.
• Any criminal prosecution.
• Judicial review.

Please speak to Ward Williams to ensure peace of mind (http://www.wardwilliams.co.uk/)