Have you heard of Fee Protection and do you understand its benefits to your business?
Fee Protection provides protection and peace of mind against costly HMRC enquiries for an incredibly affordable one-off annual fee.
For a small annual cost of £100+VAT for a sole trader or £160+VAT for partnerships and limited companies, Fee Protection provides valuable financial protection and reassurance should HMRC decide to review your affairs.*
Many taxpayers assume that HMRC enquiries only affect those who have made errors on their tax returns. However, HMRC regularly carries out compliance checks and investigations on a random basis, and even straightforward enquiries can require significant professional time to resolve.
Being faced with an HMRC enquiry, for any reason, can be stressful and unnerving, as well as costly and time consuming. That’s why we highly recommend that our clients opt for our Fee Protection service.
If HMRC opens an enquiry into your tax affairs, you may need expert representation to deal with correspondence, provide supporting information, attend meetings and ensure the matter is concluded efficiently. The professional fees associated with this work can quickly run into hundreds or even thousands of pounds.
Our Fee Protection service is designed to provide peace of mind by covering our professional fees incurred in handling HMRC enquiries and investigations on your behalf, subject to the terms of the policy.
Benefits include:
- Protection against unexpected professional costs arising from HMRC enquiries.
- Expert support and representation throughout the process.
- Assistance with a wide range of HMRC compliance checks and investigations.
- Confidence that you can seek professional help without worrying about additional fees.
HMRC continues to increase its compliance activity and use of data analytics to identify cases for review. As a result, the likelihood of receiving an enquiry is higher than many people realise, making Fee Protection an important safeguard for both individuals and businesses.
If you would like to arrange cover or discuss our service in more detail, please contact a member of the Ellacott Morris team. In addition to supporting your business’s growth and success, we’re here to provide the professional assistance you need, when you need it most.