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HMRC enquiries – are you covered?
A tax enquiry is never a welcome event. It can take the form of a full tax investigation into your business affairs or it could be a VAT or PAYE enquiry. Professional fees can be substantial when this happens through no fault of your own.
However, it is possible to protect yourself by joining our Tax Investigation Scheme for a small subscription. If you are part of this scheme then all our fees are covered.
Annual subscriptions vary depending on the size of your business and the type of investigation against which you want protection.
Investigations into Tax Returns (including Corporation Tax):
- £72 for turnovers/incomes up to £85,000
- £144 for turnovers/incomes £85,001 to £250,000
- £300 for turnovers/incomes £250,001 to £2.5million
- £600 for turnovers/incomes over £2.5million
The scheme covers our potential fees to a maximum of £20,000.
Investigations into VAT or PAYE:
The VAT and PAYE Tax Investigation Schemes are £60 per annum each and both cover our potential fees of up to £5,000. The CIS investigation scheme is £120 per annum. These schemes are only available if Towers + Gornall undertake the related work.
Terms and conditions do apply, so if you are interested in joining a Tax Investigation Scheme please contact our Practice Manager Rosa Stuart on 01995 600600 or at email@example.com.