Our ServicesTax Investigations InsuranceGiven the random nature of self assessment tax audits we cannot prevent the Inland Revenue or Customs & Excise from investigating your returns, but we can offer you peace of mind in relation to the professional fees incurred in the event of an investigation.The IRPC Taxsure scheme is underwritten by Lloyds of London and is available to all Robson Taylor clients. It provides valuable cover for the extra fees such an investigation will involve. For business clients the cover also extends to PAYE, VAT and National Insurance investigations. This is subject to policy limits. The Inland Revenue have said that in the next two years their investigations will exceed 200,000 businesses and 80,000 individuals. The added professional fees you may incur if you are subject to an investigation will depend on the complexity of your tax affairs. In almost all cases, however, the amount is likely to run into at least four figures. The premium you pay for cover under the Robson Taylor Group Scheme reflects the type and complexity of your affairs. This is a small outlay for the peace of mind and potential savings, the scheme brings.
What costs are covered?The scheme covers any fees charged by Robson Taylor including any reasonable expenses and costs incurred by us in dealing with your investigation (subject to policy limits). This excludes recoverable VAT on Robson Taylor fees and any additional tax, interest or penalties that are assessed or required by the appropriate authorities as a result of the investigation.Summary of Insurance Cover and Exclusions For more information contact: s.fox@robsontaylor.co.uk
|
