An HMRC investigation could hit anyway anyone - don't get caught out!
Tax investigations are expensive, intrusive and stressful, and they can happen to anyone randomly selected by HMRC. Even if no errors are found, there will still be professional fees to pay which can cost tens of thousands of pounds.
There has been a lot of media coverage recently about the number of employees being asked to continue working whilst on 'furlough', for example on Sky News, ITV News and BBC News. Guidance is quite clear, having employees continue to work whilst on furlough is a breach, and this media coverage will only increase the number of investigations coming for many businesses in the months ahead.
We are happy to confirm that if an enquiry into an approved COVID-19 Job Retention Scheme grant or Self Employed Income Support Scheme payment is carried out by HMRC, using their Information & Inspection Powers contained with Schedule 36 FA 2008, then our Fee Protection Insurance policy would provide cover for this under the Schedule 36 enquiry provision; subject to usual Terms and Conditions.
Protect yourself and your business!
We are confident our Tax Investigations Service delivers some of the best protection against the professional fees arising from an HMRC enquiry. This means our expert and professional defence will ensure your tax arrangements are treated correctly and fairly, and you won’t be billed for the fees incurred.
There is an added advantage for limited companies and partnerships as their directors, partners and spouses are (in most cases) automatically covered by our service for any personal investigation, as long as we are the acting tax return agent for that individual. You can access more information by downloading our Tax Investigations Service Summary below.
It should be noted that French Duncan LLP elects to cover the costs of the Tax Investigations Service by means of an insurance policy in its name, provided by Markel Tax.
If you would like to find out more about our service please download the Tax Investigation leaflet here. Or you can get in touch with your usual French Duncan contact or click here to make an enquiry.
Please note, for cover to start on 1st March 2020 French Duncan LLP MUST have received full payment by 20th February 2020, otherwise cover will only be valid from the point of payment confirmation.
Click on any of our downloads below.