Tax Enquiries - Everyone is at risk

Anyone who sends in a tax return or business accounts to HM Revenue & Customs (HMRC) is at risk of a tax enquiry or inspection. Thousands of individuals and businesses are selected for such checks every year. 

If it happens to you, the questions will be detailed and time consuming to answer. Even if HMRC does not find any extra tax to pay, the costs to defend you could be substantial and can easily amount to hundreds or thousands of £s.

Most accountant’s normal annual fees do not cover the additional professional costs of handling tax enquiries and compliance checks.  You can obtain protection against the potentially high costs of such fees simply and inexpensively by taking out Tax Fee Protection (TFP) insurance cover. 

When you need specialist guidance on a difficult or complex HMRC enquiry or tax dispute, the support of Gabelle LLP is on hand with Vantage Gabelle TFP insurance.  Vantage has teamed up with Gabelle LLP, an award winning independent team of tax experts, who provide specialist tax advice and support to accountancy practices and other professionals throughout the UK. If you want to take advantage of Gabelle’s support during a tax enquiry or compliance check, the cost of their services will be covered by the insurance.

For more information, please see the Vantage leaflet, which gives details of HMRC activity and the insurance cover that Vantage can provide.

Follow our step by step guide below to find out more.

 

What is it?

Vantage Tax Fee Protection insurance (TFP) covers professional fees incurred defending clients when HM Revenue & Customs (HMRC) checks whether a client has paid the correct amount of tax.

The costs of defence in most reviews carried out by HMRC under the tax legislation are covered, including full and aspect tax enquiries, VAT and PAYE/NIC compliance checks, Business Records Reviews, and more. See the ”What does it cover” page for more information.

An additional benefit of taking out Vantage TFP cover is that support is available on general legal issues and the complex areas of Employment Law and Health & Safety.  A telephone helpline number will be supplied when cover is taken out. You will be able to use this free of charge to obtain complementary expert advice on such issues when you need help.


Statement of Demands & Needs

When purchasing a product from our shop you will first be asked to register for an account. Once you have completed our online application form and made payment, you will be able to log into your account to view your policy documents or product information.

It is important that before deciding to purchase a Qdos product you consider whether the insurance is appropriate for you. 

You should read thoroughly all the product information we have made available to you, in particular the Specimen Policy Wording together with the Summary of Cover (Key Facts) before deciding to purchase your chosen product. These documents contain the full Policy Terms and Conditions. 

Please note that you are basing your purchase solely on your own interpretation of the information we have provided.


Vantage Tax Fee Protection Limited is an insurance intermediary that specialises in the provision of specialist insurance schemes. Vantage Tax Fee Protection Ltd t/as Vantage Fee Protect is an appointed representative of Vantage Protect Limited (FRN 772055) which is authorised and regulated by the Financial Conduct Authority. For more information about Vantage click here.