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TaxSure - Tax Investigation Insurance

Did you know you are 140,000 times more likely to be the subject of a tax investigation than you are of winning the lottery! Last year, H M Revenue & Customs embarked on nearly 250,000 investigations, recovering more than £220 million.

Certainly the operating style has changed over the years, and we now see a much more aggressive approach to investigations and our prediction is that we will see the pace accelerating in the forthcoming years.

The investors no longer need to have a specific reason to investigate your personal or business affairs, yet you have to carry the burden of paying for any professional advice, whether or not they find any errors or outstanding tax.

In our experience, the cost of the average tax investigation is £2,500 or more, with it rising to £5,000 for business investigations; the cost though, as you can imagine, can be much more than this, depending on the complexities of your affairs. Even 'aspect investigations' - that look at a specific part of your affairs only - can cost a considerable amount.

TaxSure is an insurance policy that we offer to clients to cover the cost of tax or VAT investigations.

The costs for cover is really extremely low in comparison to the costs of an investigation:

For businesses the cost of cover also includes unlimted access to the Business Support Helpline, which gives invaluable advice on all sorts of matters, including employment, health and safety, business law and payroll.

If you would like to know more about TaxSure, email us or call us on 0113 2449051.

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