Tax Enquiry Insurance

Our Tax Enquiry Insurance provides protection in the event of an investigation by the Revenue Commissioners into the policyholder's tax returns or a dispute with the Commissioners following a routine PAYE or VAT inspection.  The policy provides cover for accountants' and specialists' fees incurred in representing the policyholder throughout an investigation or dispute and protects the policyholder from the expensive bills they may face following such investigations.

 

Benefits of cover

This policy will cover up to €10,000 of fees, expenses and other disbursements incurred by the appointed consultant (the policyholder's accountant or other specialist that we have approved) in the event of:

Revenue Commissioners enquiries and investigations

An enquiry by the Revenue Commissioners into the policyholder’s corporation tax or income tax self-assessment return following the issue of formal notification by the Revenue Commissioners.

Employer compliance disputes

A dispute with the Revenue Commissioners following a compliance check or routine inspection into the operation of PAYE.

PAYE, PRSI and USC disputes

An enquiry conducted into the employment status of the policyholder under the PAYE and/or pay-related social insurance (PRSI) and/or universal social charge (USC).

VAT disputes

A dispute following a compliance check or routine inspection undertaken by the Revenue Commissioners of the policyholder's VAT record keeping.

Pre-emptive work

Up to €250 towards professional fees for work undertaken by the appointed consultant to mitigate the risk of an insured event occurring, or to mitigate the costs of a claim should an insured event subsequently occur.  Cover is provided at the insurers discretion and in order for costs to be considered it must be evidenced that such action is necessary and will result in the avoidance of an insured event or the mitigation of costs should an insured event occur.

Please refer to the key facts document and policy wording below for the full terms and conditions of our Tax Enquiry Insurance policy.

Premiums

The premium for our Tax Enquiry Insurance product varies depending on whether cover is required for a private individual or a business.  For commercial clients the premium is based on the turnover for the business's most recently completed financial year.

The table below shows the gross annual premiums (inclusive of Insurance Premium Tax) for the categories of cover available:

Type of cover

Gross premium

Private individual  €65.00
Business: turnover of up to €250,000 €105.00
Business: turnover of €250,001 to €500,000 €130.00 
Business: turnover of €500,001 to €1,000,000 €190.00 
Business: turnover of €1,000,001 to €2,500,000 €255.00 
Business: turnover of €2,500,001 to €5,000,000 €320.00 
Business: turnover of €5,000,001 to €10,000,000 €380.00

Sample policy documents

Only £65.00

Purchase now

The premium shown above is the base, "starting from" premium, and is subject to change depending on the answers provided during the application process.  Please click on 'Get your price' to start the application process.


Our Tax Enquiry Insurance is arranged by Qdos Broker & Underwriting Services Limited, a UK-based insurance intermediary that specialises in the provision of specialist insurance schemes.  Qdos Broker & Underwriting Services Limited is authorised and regulated by the Financial Conduct Authority in the United Kingdom.  For further information about Qdos please click here.

Please note:
The premium shown above is the base, "starting from" premium, and is subject to change depending on the answers provided during the application process.


Contact us today:

 

 01 213 5000

         

martin.adams@arachas.ie