Tax Fee Protection Scheme

Expert Advice

Protection from the costs of HMRC tax investigations.

Why Take Out Our Tax Fee Protection Scheme?

Tax fee protection, also known as tax investigation insurance protects you from the costs of a tax investigation by HMRC.

The UK government recently announced an investment of over £100m into a task force that will be focused on tax investigations. This is to combat the estimated £3.5bn fraudulent claims made relating to Covid-19 support packages, among other tax offences.

HMRC Investigations

This task force will target claimants of the Coronavirus Job Retention Scheme, the Self-employment Income Support Scheme and bounce back loans. 

The investigation can be detailed and very time-consuming, which means that even if no extra tax is payable the cost to your business can be substantial. However, with our tax fee protection scheme, the cost of our time is covered by your premium.

Our standard annual fees do not cover the additional costs of handling HMRC enquiries and compliance checks. Therefore, we strongly recommend that you are protected against such unexpected costs by taking out Tax Fee Protection.

Tax Fee protection Cover

The Tax Fee Protection Scheme provided by K.A.Farr & Co Tax means that if you are selected by HMRC for a tax enquiry, we will robustly defend you against any unjustified questions.

Wherever HMRC undertakes any checks and it is necessary for us to be involved, the enquiry will be covered by our Tax Fee Protection Scheme (subject to the normal terms and conditions).  As you would expect where a claim is fraudulent or contains significant inaccuracies it will not be covered by the scheme.

Protect your business against fines from HMRC

If you are not currently protected by our scheme you have the opportunity to purchase the protection for only £125.95 per annum.

For more information about the policy, you can find a sample summary of the cover here Tax Investigation Cover.

Let us take care of it for you

Our annual cover is available for only £125.95 per annum. To take out this valuable business protection simply contact us on 01704 211434 or by email at info@kafarr.co.uk and request to purchase Tax Fee Protection.

Our services

We offer preparation of accounts, personal and company tax and business planning.

Our services also include secretarial support, payroll/CIS services, bookkeeping, VAT and company auditing.