Tax Investigation Fee Protection Service

Our Tax Investigation Fee Protection Service will cover for up to £75,000 of professional fees in  defending you in the event of HMRC enquiries and investigation. It is a scheme set up by insurance underwritersto protect clients who suffer a tax enquiry or investigation. For a small annual fee, our costs incurred defending you in the event of a tax enquiry or dispute will be covered by our insurance.

Can anyone’s tax affairs be scrutinised by HM Revenue& Customs?
Anyone that pays tax can come under scrutiny. Every year, HMRC starts enquiries into many thousands of personal and business tax returns and accounts. VAT and PAYE payments are also thoroughly checked. The aim in every case is to collect more tax.

I’ve done nothing wrong, why should I worry about a tax enquiry?
Most tax enquiries are generated by computer “risk profiling” and many are selected completely at random. As a result, HMRC sometimes picks the wrong targets. Even if you have done nothing wrong, the taxman will not give up and will still try hard to find errors.

How much could a tax enquiry cost me in professional fees?
The questions asked by HMRC are usually very detailed and time-consuming to answer. The costs of defending you can easily run into thousands of pounds, even if little or no extra tax is paid at the end of the enquiry. These costs are not covered by the normal annual accountancy fees.

Without fee protection, it could cost thousands of pounds to defend you, whatever the end result. With CNG Associates, you have peace of mind knowing that any such costs will be covered by our Taxwise Fee Protection Service.

Is there anything I can do for peace of mind?
You can subscribe to the Taxwise Fee Protection Service which will cover you for the work and costs of defending you in the event of a tax investigation by HMRC. Contact us for a quote for this service.