Tax Enquiry Cover

Newby Castleman offers all our small business clients insurance cover against the cost of professional representation during a HM Revenue & Customs, VAT or PAYE enquiry.

The current state of the economy and recent banking bailout strongly indicates HM Revenue & Customs are going to have to recover additional tax revenue in order to help them meet the growing deficit from trying to stabilise the UK economy and one way to achieve this goal is by carrying out additional enquiries into tax returns.

If you are a Self Assessment taxpayer, an employer filing P11D forms on employee benefits, or VAT returns, or you are responsible for employees’ PAYE - you could be subject to an enquiry.

Our Tax Enquiry Insurance Scheme covers:

  • Personal Full Enquiry: The issue by HM Revenue & Customs of a formal notice under s 9A  of the Taxes Management Act 1970 notifying a full enquiry into the non-business affairs of the Client.
  • Personal Aspect Enquiry: The issue by HM Revenue & Customs of a formal notice under s 9A  of the Taxes Management Act 1970 notifying an aspect enquiry into the non-business affairs of the Client.
  • Business Full Enquiry: The issue by HM Revenue & Customs of a formal notice and request to examine all the business books and records of the Client under s 9A or 12AC of the Taxes Management Act 1970 or pursuant to paragraph 24(i) of Schedule 18 of the Finance Act 1998.
  • Business Aspect Enquiry: The issue by HM Revenue & Customs of a formal notice to enquire into aspects of the business books and records of the Client under s 9A or 12AC of the Taxes Management Act 1970 or pursuant to paragraph 24(i) of Schedule 18 of the Finance Act 1998.
  • Employer Compliance Dispute: Disputes following an employer compliance visit by HM Revenue & Customs which results in an expression of dissatisfaction with the Client’s PAYE and/or NIC affairs or the Insured’s P11D’s or P9Ds, IR35 legislation.
  • VAT Dispute: A dispute following the issue by HM Revenue & Customs of an assessment, written decision or statement of alleged arrears relating to Value Added Tax or default surcharges or penalties.

The insurance pays up to £75,000 in Professional Expenses - which would pay for our fees or any experts you may need to support your case.

Insured clients who have experienced enquiries or disputes, have had ‘our’ fees paid directly by the insurance policy and have been very satisfied with the service.