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Our key areas of service

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Insurance to cover professional fees to respond to HMRC Investigations

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Telephone Advice for Employment Law

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Telephone Advice for Health & Safety Matters

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Telephone Advice for General Legal Issues

Expert tax support & insurance

As you are probably already aware, HMRC is set to increase tax revenues. As a result, they have significantly increased the number of tax investigations performed on small and medium-sized businesses, as well as larger organisations.


Enquiries and investigations can revolve around any aspect of your personal and business activities. Moreover, HMRC inspectors are entitled to visit your premises and review your business records, such as and for example, tax returns and PAYE/NIC/CIS/VAT information.


What you may not have considered is even if no additional tax demands are made, such investigations can still result in financial losses. This is with respect to professional fees and your time away from your business. Price Mann have the skills required in order to defend clients under HMRC enquiry. Our aim is to settle matters quickly and minimise any potential tax liabilities. 

How we help

However, managing and answering HMRC queries can often become convoluted and protracted. The costs incurred to defend you may soon add up.


To relieve this anxiety, we offer our clients the opportunity to financially protect themselves against any future tax investigations. This service, supplied through one of our partners, covers the cost of our professional fees in the instance that we respond on your behalf to an HMRC investigation. The service is backed by an insurance policy under which we can claim the costs of defending you.

FAQs

  • 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, HM Revenue & Customs (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.

  • Can anyone’s tax affairs be scrutinised by HMRC?

    Anyone who submits a tax return can come under scrutiny. Every year, HMRC start 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. A record £26.6bn of additional tax was collected through compliance checks in 2014/15. The number of people being investigated more than doubled in one year and we expect this trend to continue. 

  • Do I need to reduce my spending in the current economic climate?

    Not paying the annual cost could be a false economy. The potentially high costs of defending you in an enquiry would be much less affordable than the small annual charge. One thing is certain – HMRC does not stop making enquiries into tax returns when there is an economic downturn. The amount of debt the government is in at present is only likely to increase the potential threat of an investigation!

  • What is protected by the Service?

    Under the Service, subscribing clients will be fully protected and the practice will claim under our own insurance policy for up to £100,000 of professional costs, in the following circumstances:

    • An HMRC enquiry into a personal or business tax return

    • An HMRC enquiry into any business accounts, including those of sole traders, partnerships and limited companies

    • A dispute with HMRC where additional VAT is being pursued

    • A dispute with HMRC where additional PAYE tax or National Insurance contributions is being pursued

    • A dispute with HMRC relating to the tax status of employees or subcontractors


    A Summary of Service document detailing cover is available upon request.

  • What is not protected by the Service?

    Some costs will not be protected under the Service, including the following:

    • Outstanding taxes, penalties, interest or any other amounts due to HMRC

    • Defence of clients in criminal prosecution cases or serious fraud enquiries

    • Fees relating to pre-existing tax enquiries, or enquiries where tax returns were submitted to HMRC later than the statutory time limits (90 days)

    • Tax avoidance schemes

    A Summary of Service document detailing cover is available upon request.

  • Is there anything I can do for peace of mind?

    You can subscribe to our Tax Fee Protection Service which will protect you for the work and costs of defending you in the event of a tax enquiry by HMRC

What our clients say

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