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28 October 2024

Tax Investigation Protection

Tax investigation cover is an essential investment for any individual or business. It offers financial protection, expert guidance, and peace of mind during a tax investigation, ensuring that you can focus on running your business without the fear of unexpected expenses and the potential loss of your hard-earned money.

With the average tax enquiry lasting up to 24 months, the associated costs can quickly escalate, so it is more important than ever to ensure you’re protected against unexpected costs. HMRC is launching an unprecedented level of tax enquiries, using more sophisticated data statistics and artificial intelligence technology to target these investigations. HMRC’s revenue in 21/22 was £731.1 billion and has jumped to £814 billion in 22/23. This is higher than pre-pandemic levels across all taxes.

No one can prevent an investigation into their tax affairs but by opting for Tax Investigation Protection Cover, it will remove any worry about costs and benefit you by:

  • No unexpected costs
  • Providing you with full representation and challenge HMRC’s arguments.
  • Ensuring that you have a robust defence based on the facts, with support from ex-HMRC specialists
  • Protecting your work by achieving a fair enquiry outcome without facing an unwanted accountancy bill.
  • Peace of mind
  • 24 Hour Access to a Business Legal Helpline. The team of qualified solicitors can assist with employment law, health and safety and commercial matters.
  • Business Hub provides practical legal guidance on everyday legal issues

We strongly recommend taking out Tax Investigation Protection Cover to mitigate any potential risks. While we strive to ensure compliance and accuracy in all our work, tax investigations can be initiated at random or due to a variety of triggers, regardless of your filing history.

Get in touch with us to get yourself protected. If you have any questions or require any clarifications, do not hesitate to reach out to our dedicated team. We are here to help.

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