Tax Enquiries - Everyone is at risk
Anyone who sends in a tax return or business accounts to HM Revenue & Customs (HMRC) is at risk of a tax enquiry or inspection. Thousands of individuals and businesses are selected for such checks every year.
If it happens to you, the questions will be detailed and time consuming to answer. Even if HMRC do not find any extra tax to pay, the costs to defend you could be substantial and can easily amount to hundreds or thousands of £s.
Most accountant’s normal annual fees do not cover the additional professional costs of handling tax enquiries and compliance checks. You can obtain protection against the potentially high costs of such fees simply and inexpensively by subscribing to our Tax Fee Protection (TFP) cover.
To subscribe and make your online credit or debit card payment, click on the 'Tax Fee Protection' option under 'Your Quote' to the right, and select the relevant fee level.
There are various payment options including paying online by debit or credit card.
You will need to register by entering your email address and creating a password. Anything you enter as part of the registration/payment process is for the purposes of TFP only.
What is it?
Vantage Tax Fee Protection Insurance (TFP) protects against professional fees incurred defending clients during HM Revenue & Customs (HMRC) checks whether a client has paid the correct amount of tax or not.
The costs of defence in most reviews carried out by HMRC under the tax legislation are covered, including full and aspect tax enquiries, VAT and PAYE/NIC compliance checks, Business Records Reviews and more. See the ”What does it cover” page for more information.
An additional benefit of subscribing to this service is that support is available on general legal issues and the complex areas of Employment Law and Health & Safety. You will be able to use this free of charge to obtain complementary expert advice on such issues when you need help.
Statement of Demands & Needs
When purchasing a product from our shop you will first be asked to register for an account. Once you have completed our online application form and made payment, you will be able to log into your account to view your policy documents or product information.
It is important that before deciding to purchase a Vantage product you consider whether the insurance is appropriate for you.
You should read thoroughly all the product information we have made available to you, in particular the Specimen Policy Wording together with the Insurance Product Information Document (IPID) before deciding to purchase your chosen product. These documents contain the full Policy Terms and Conditions.
Please note that you are basing your purchase solely on your own interpretation of the information we have provided.