Peacheys Tax Investigation Cover

Helping you to defend yourself against H M Revenue & Customs

Unfortunately, there still seems to be a preconception that if a business or individual is having their tax and accounts completed by a reputable accountant and their books are in order, they will not be targeted by the Inland Revenue and that if they were, the enquiry would be simple and not result in large fees. Regrettably this is not the case and is not the way the Inland Revenue views enquiries.

Peacheys will be able to offer you the best advice on how to challenge the authorities, but the time and work involved in defending you can be substantial:

• Unfortunately those being investigated are perceived, by H M Revenue & Customs (HMRC), as being guilty until proven innocent and collating your defence may result in thousands of pounds in fees. HMRC’s attitude to enquiry work has toughened and figures show that accountancy fees have exceeded tax settlements obtained by HMRC in over 60% of cases.
• The cost of an average enquiry can be significant, the average being £2,500 but can amount to many thousands more.
• The Inland Revenue can investigate any business, Director or Partner.
• Taking into account the annual increases in investigations, it is increasingly likely that it is a case of when, not if an enquiry will take place and the average length of an enquiry is 19 months.

Peacheys Tax Investigation Service will help defend you in the event of an enquiry, enabling US to claim against our insurance policy in respect of fees incurred when we defend YOU if you are subject to the following events:

- A Full Enquiry - A VAT Dispute - A PAYE and NIC Dispute

Further details are set out in the attached summary but should you require any further information or have any queries regarding this service then please do not hesitate to contact me and I would be happy to help.

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Cover includes a FREE 24 hours a day, 365 days a year, Client Legal Helpline

For more information please contact Carolynn Purcell on 01633 213318 or email carolynn.purcell@peacheys.co.uk