Premier Protection
New penalties, new HMRC powers - A new era for British tax compliance
The budget 2009 was the Government’s chance to authorise and announce the new powers available to HMRC, and their new tactic to ‘come down hard ’ on noncomplying
tax returns.
Faced with a £23 billion shortfall in tax receipts as the economy slides deeper into recession, Alistair Darling signalled his intent to clamp down on non compliant tax
returns.
Through HMRC, the government have increased the powers available to inspect business premises. They have also established a new penalty structure based on subjective
reasonable care’ clauses. These penalties can be complicated, and require our involvement.
These new powers and penalties have the potential to seriously jeopardise UK businesses, and tax experts warn that an increasingly desperate Revenue will drag more innocent taxpayers into lengthy investigations.
What does our scheme offer?
The equivalent of up to £100,000 of professional costs per incident resulting from HMRC investigations or disputes for both full and aspect enquiries, pre-disputes, reviews,
compliance checks, or interventions.
The security of knowing that we can dedicate all the time and resources we need to represent you – and you won’t have to worry about our fees.
The knowledge that you’re dealing with us, your own accountants, rather than a stranger who doesn’t know you or your affairs.
Peace of mind – our scheme has been set up for us by CCH Fee Protection, the UK market leader in fee protection, with over 20 years’ experience.
The CCH Business Support Helpline
For business clients only
Access for companies, partnerships, and sole traders to the market leading telephone advice line manned by CCH experts. Access to advice in the following areas:
Employment and personnel issues, such as disciplining an employee, dismissal, and gross misconduct
Health & Safety issues, such as reporting an accident and hazardous substances
Commercial legal issues, such as landlord and tenancy, company law and copyright and patent
‘A new approach’
HMRC now operate an information led approach to target non-compliant tax returns. This means that if you are selected, it’s for a reason - and you can expect to receive a penalty, as well as pay back what they estimate you owe.
And using the more efficient ‘Aspect Enquiry’ – enquiries into one or more aspects of a tax return – HMRC are able to target a greater number of taxpayers than before.
With the consequences and penalties associated with HMRC enquiries worsening (HMRC are now naming and shaming tax evaders), we believe that having the peace of mind by providing for professional fees is essential. We can focus our time and effort entirely on your investigation – and you won’t have to worry about expenses.
We recommend all our clients join our Fee Protection scheme
‘Directors and Partners’ cover for companies & partnerships.
Investigations into the tax return of the directors and partners of a business covered by our scheme are also included, provided that we act as the tax return agents for the individuals concerned. The tax return must be a personal, non-business return, which should not include any
self employment pages, and gross annual rental income (per individual) must not exceed £50,000. If you fall outside of this criteria, separate cover is available.
The next step
Contact please complete the online form requesting more information on Premier Protection.
