If Her Majesty’s Revenue & Customs (HMRC) comes knocking, fee protection insurance protects businesses and their advisers against the cost of being investigated. Dominic Preist, head of tax sales at our partners Markel UK, explains how valuable fee protection insurance can be and when it’s worth paying more for quality cover. 1 – How does […]
Category Archives: Tax
22
Feb
Feb
Fee protection insurance (FPI) offers substantial benefits to accountants and their clients. We outline why FPI is a win-win situation and why the industry must offer more support. The risk to companies of receiving an expensive HMRC visit is increasing rapidly. Except for a brief lull during the pandemic, the number of HMRC enquiries and […]
20
Feb
Feb
Her Majesty’s Revenue & Customs (HMRC) enquiries – which can be carried out on businesses and individuals – can be very stressful, time-consuming and costly for clients. It’s therefore vitally important that a professional accountant offers valuable guidance throughout the whole process to ensure clients achieve the best possible outcome with HMRC. Always check the […]
13
Feb
Feb
HMRC have a variety of tools at their disposal for conducting compliance activity. Code of Practice 8 (COP8) and Code of Practice 9 (COP9) are used where HMRC suspects tax fraud, and whilst tax fraud is a criminal offence, HMRC will often settle matters using the civil procedures available to do so. The Contractual Disclosure […]
10
Nov
Nov
HMRC has long insisted on calling taxpayers “customers”. Few titles irk me more. Recent press coverage of HMRC “customer” service levels brought to mind some of my own early experiences of the then Inland Revenue. I joined what is now HMRC in June 1992, very nearly 30 years ago. Those were the days before email […]
08
Dec
Dec
Tax doesn’t have to be taxing. Or so we were told. You just need the right tax support. In December 2005 HMRC scooped a marketing industry award for effective advertising. HM Revenue and Customs was the only public sector organisation to win a Gold award at the Institute of Practitioners in Advertising Effectiveness Awards. […]