Landlords' Legal Expenses Insurance

TEXT TO BE UPDATED <><><><><>< 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 with which they can be faced following such investigations.

 

Benefits of cover

This policy will cover up to £50,000 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:

HM Revenue & Customs enquiries and investigations

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

Employer compliance disputes

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

VAT disputes

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

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 applicable for our Tax Enquiry Insurance product vary depending on whether cover is required as 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  £75.00
Business: turnover of up to £250,000 £137.00
Business: turnover of £250,001 to £1,000,000 £165.00 
Business: turnover of £1,000,001 to £3,000,000 £203.00 
Business: turnover of £3,000,001 to £5,000,000 £347.00 
Business: turnover of £5,000,001 to £10,000,000 £463.00 

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.

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.