Tax investigation insurance
Regardless of how careful you are with your tax affairs, HMRC can randomly select you for a tax enquiry. HMRC investigations are becoming more widespread and likely to focus on SMEs and individuals after Tax Gap Statistics* revealed they are responsible for more than half of the UK's £38bn underpaid tax.
Even if an enquiry finds that your tax returns are complete and accurate, the process can be expensive, time consuming and stressful. It is not uncommon for investigations to roll on for more than a year and be extremely costly.
Available to Morris Crocker clients only, our tax investigation insurance scheme offers two types of cover - personal and business, and will pay up to £100,000 in respect of our fees incurred in dealing with tax investigations and PAYE and VAT disputes. It will provide you with full expert representation to negotiate the best possible outcome for you.
Please contact us if you would like more information about this service.
You may also be interested in reading our guide to 'How HMRC Conducts Tax Investigations'.
*Latest HMRC statistics published June 2023 based on the 2021/22 tax year.