Whilst our
accountancy services and tax planning are designed to minimise the risk of enquiries into Returns submitted, under
Self Assessment, there are no guarantees when submitting a
Self Assessment Tax Return, even if it is entirely complete and accurate, that the Revenue will not raise enquiries into that Return. This will ultimately result in professional fees being incurred.
Defending clients in enquiries is an area in which we have considerable expertise but the costs can be extensive as enquiries or disputes can continue for many months. Even if no additional tax is found to be due, you or your business would be faced with additional fees.
The frequency and complexity of enquiries has increased to such an extent that we feel it is appropriate to offer our clients an alternative to these costs. As such we have implemented a service backed up by Peninsula
Business Services and their TaxWise product whereby we have insured our practice to cover our professional fees for up to £75,000 for the following events: