Taxwise Plus Fee Protection Service
SAFE FROM THE TAXMAN? DON'T COUNT ON IT…
The way HM Revenue and Customs operates has changed and tax inspectors have far greater powers than they had previously. HM Revenue and Customs have the right to enter your premises, check your records and access your computers - all with no right of appeal.
The discovery of a simple, unintentional error causing an underpayment of tax may lead to you paying HM Revenue and Customs large penalties as well as repaying all the tax you are deemed to owe.
Anyone who completes a tax return could be selected at random for an investigation and the costs to defend these incidents, even though you may be wholly innocent, can be substantial.
Regardless of the outcome of an enquiry, the professional fees incurred during the investigations have to be paid. The Taxwise Fee Protection service ensures that taylorcocks’ professional fees are covered in the event that you experience an intervention, review, investigation or dispute with HM Revenue and Customs.
For example, one of our clients was subjected to a full corporation tax enquiry by HM Revenue and Customs. Although no adjustments were made to the company’s tax return and no extra tax was payable, the professional fees involved in concluding the enquiry totalled just under £5,000. These fees were settled in full by the fee protection service offered by taylorcocks.
The service that we are offering will not only cover enquiries into your business/company tax return, but if we prepare the directors'/partners' personal tax returns, they too may be covered. In addition, if we prepare the personal tax returns for the directors’/partners’ spouses, they too may be covered – at no extra cost. Please note that separate cover is required where an individual receives income from property of over £50,000 per year or has additional self employment income or partnership income (where the partnership does not use the Taxwise fee protection service offered by taylorcocks).
In addition to the above, the Taxwise Fee Protection provides all businesses with unlimited access to an Employment and Health & Safety Support Helpline as well as a Business Legal Support Advice Helpline. These helplines are available to assist you with practical advice on any employment and health and safety issues your business may encounter, as well as giving you access to specialist legal advisors in all areas of law. We are confident that the benefits of this service along with the Taxwise Fee Protection service makes this a very valuable product to any business operating in the current environment.
We are delighted to be able to offer this improved service and I trust you will agree that the premium represents exceptional value for money. More information regarding the Taxwise Fee Protection service and its pricing structure is provided on the attached information sheets and Summary of Service. There is no excess payable on any claim made under the Taxwise Fee Protection service.
Tax investigations are a real and growing threat to small and medium sized companies and we strongly recommend that all of our clients protect themselves and their businesses with the Taxwise Fee Protection service offered by taylorcocks.
To ensure you are protected under this service, please respond using the options below and we will contact you to arrange cover. Cover will commence upon receipt of the premium payable. If you have any queries in respect of the Taxwise Fee Protection service please contact Vicky Belither on 0370 770 8111.
