Tax Investigations Protection

Could this be you........?

A dental practice experienced a full enquiry into the dental records of the practice and the personal letting income of the owner. After almost eighteen months of investigation the Revenue admitted that no tax was due. The accountancy fees during this time were over £7,200.

A family-owned garage was subjected to an investigation into supposed discrepancies in the stock levels. The enquiry lasted almost a year and also looked at the personal financial records of the owners. Eventually, the Revenue found no additional tax liability but the defence costs were over £5,900.

A car dealership was investigated for two years into the technicalities of the transfer of their partnership to a limited company and looked into the capital allowances and capital gains issues. Ultimately there was no additional tax due but the accountancy fees for the defence were nearly £15,000!

Our Tax Investigations package reimburses the costs of our professional fees in the event that you are investigated by H M Revenue & Customs. With the Government having recently announced that they are going to throw an additional £1bn on tax investigations, you can sleep easy knowing that your defence costs are covered and that you can fight the Revenue on an equal footing. Too many people think they can take on the taxman themselves but, more often than not, this results in them being forced to accept unreasonable demands. The right expertise, more importantly at no cost, can make all the difference to the outcome of a tax enquiry.

The package insures our professional fees up to £75,000 if you suffer one of the following investigations:

• Income Tax Self Assessment Enquiries
• Corporation Tax Self Assessment Enquiries
• VAT Disputes
• Employer Compliance Disputes
• IR35 Enquiries

With more initiatives being developed to increase the amount of money raised from tax investigations, everyone is at risk of a difficult, long drawn out investigation into their tax affairs. Too many people believe that the Tax Inspector won't target them - but the facts speak for themselves....

• Tax investigations can be chosen completely at random
• Full Enquiries can take two years on average to settle
• Additional accountancy fees can be as high as £10,000 to deal with this specialist work
• Without professional representation, you will be at the mercy of the Revenue

Can you afford to run the risk? Don't wait until the Revenue comes knocking on your door! Without this protection, you will be responsible for all of the defence costs associated in representing you during an investigation. With Tax Investigations Protection you will benefit from:

• Protection against the defence costs of an investigation
• Confidence during the enquiry that you will not need to concede for financial reasons
• The ability to fight the Revenue on an equal basis
• FREE access to the Business Legal Helpline

Protecting your business costs just £185 for the year and will qualify as a tax-allowable expense in the company's accounts. Personal protection for a director will cost you just £85. So, take the right steps, now, and contact us on 0161 266 1036 or email david@davidelliottassociates.co.uk