Accounting, Auditing, Businesses, CGT, Corporation Tax, IHT, National Insurance, Personal Tax, Tax/VAT Cases, VAT l

the dogs

Safe from the Taxman? Don’t bet on it….

Being investigated by HM Revenue & Customs is no day at the races. It can be disruptive, intrusive and expensive. Sometimes a case can drag on for a year or more, saddling you with spiralling stress levels and mounting costs.

An investigation may be triggered when HMRC pick up something they see as an anomaly on a tax return. Or they may act in response to a tip off, or something they spot in a local newspaper, or even an overheard conversation in the pub.

But they don’t have to have a reason at all.

Every taxpayer is at risk….
of being chosen at any time, purely on a random basis. No one is immune.

The facts….

  • Anyone who completes a tax return could be selected at random for an investigation. The tax  authorities don’t even have to give a reason.

  • HMRC’s policy director recently stated that it aims to claw back an extra £3.5 billion from tax payers every year until 2008 to set against the revenue lost to tax  avoidance and evasion. (1)

  • Statistics show that, over the last five years, the money clawed back from nquiries has increased by 65%. (2)

  • Whatever the outcome of the investigation – and it may be that no additional tax or VAT is payable – you will still have to pay our fees to represent you.

Download our Taxsafe Leaflet

…a safe bet

Fee protection services provided by third parties often appoint someone other than ourselves to represent you – someone you don’t know and who doesn’t know your affairs.

That could prove expensive. With TaxSafe, you’ll be dealing with us, someone you know and trust.

TaxSafe will provide you with the equivalent of up to £75,000 of professional costs per incident resulting from HMRC investigations or disputes.

So, should the tax authorities pick on you, you’ll have the peace of mind of knowing that TaxSafe will provide the professional representation you need at no additional cost.

We’ll be free to work on your case for as long as it takes to resolve the situation up to our policy limit and you won’t need to keep one eye on the costs.

You’re far more likely to escape paying tax or penalties with the professional representation TaxSafe  provides.t stop you from being chosen for an investigation.

Why leave it to chance when you can leave it toTaxSafe?

Safety in practice

  •  A taxi firm underwent an investigation which ran for four years and cost nearly £7,000 in professional fees, before finding that no further tax was payable.
  • HM Revenue & Customs claimed a sole trader landscape gardener had understated his sales. The investigation ran for three years with fees of approximately £7,000 being incurred before it was proved that the sales were not understated.
  • A building firm was involved in a dispute about its VAT registration. The case was decided in the client’s favour and over £30,000 of VAT was saved. In the three-year period of the dispute, costs of around £8,500 were incurred.

Aspect Enquiry’s

Aspect enquiries are on the increase in terms of both numbers and complexity. Representation for such enquiries is included with TaxSafe.

What is an Aspect Enquiry? An aspect enquiry is an enquiry by HM Revenue & Customs into a specific area or areas of your tax return, without a request for sight of all books and records.

What exactly does Aspect Enquiry cover offer? It covers our fees for dealing with HM Revenue and Customs enquiries into any aspect of the Tax Return. In many cases such enquiries can be settled quickly and easily as they relate to one particular entry on the Return. For Aspect Enquiry cover only an excess applies of one hour of our time for individuals, or two hours for companies.

Free Business Support Helpline

Q. An ex-employee has written to us complaining that she was sexually harassed by her manager while she was working for us. She left a few weeks ago. Do we have to do anything or can we just ignore it now that she is no longer employed?

Q. One of our employees has had a fall at work and injured himself. He has been taken to hospital, but we do not yet know the extent of his injuries. What should we do to ensure that we are complying with health and safety law?

How would you answer questions like these?
As part of your TaxSafe package, your business has access to a valuable helpline to guide you through the legal minefield of today’s business environment. The business support helpline offers you instant telephone access to expert, tailored advice, leaving you free to get on with running your business.

Whether you need a second opinion or a guiding hand, instant access to expert advice comes as part of the package.

Benefit from expertise and knowledge!

Helpline consultants are recruited for their ability to draw on their own experiences to provide tailored practical and realistic solutions, using every day language.

Areas of advice:

Employment and personnel , such as

  • Disciplining an employee
  • Dismissal
  • Gross misconduct

Health & Safety , such as

  • Reporting an accident
  • Hazardous substances

Commercial legal issues , such as

  • Landlord and tenancy
  • Company law
  • Copyright and patent
“The telephone advice line provides peace of mind and it is reassuring to know that help is available whenever we need it.We receive tremendous reassurance from the telephone advice line. As a result, we   have been extremely proactive and have never been to a tribunal.”

Jayne Burke, group HR & Staff Development   Manager, Ramseys   Group

TaxSafe – Free Directors & Partners

As part of your TaxSafe package you have Directors & Partners cover included.

What is the Directors & Partners cover?
Directors & Partners could be the subject of an individual investigation without their business being investigated at the same time. This extension to TaxSafe provides representation to the individuals concerned against that eventuality.

What exactly does Directors & Partners cover offer?
The Directors & Partners cover provides representation for investigations into the tax returns of directors and partners of a business taking the TaxSafe service, provided that we act as tax returns agent for the director or partner and the tax return is a personal, non-business return and any rental income is less than £50,000 per annum.