The present regime of HMRC is becoming very draconian with there powers. If you get selected for an investigation it can become very expensive. Various groups of employment are being targeted by their taskforce teams;
- Private Landlords
- The Motor Trade
- Take-away Food
- Market Traders
Are among those businesses being targeted. MH Associates recommend that all clients should take out some form of insurance to protect themselves against large expenses during a possible investigation.
The Federation of Small Businesses provides a basic insurance cover amongst the benefits to its members.
MH Associates have an arrangement with Abbey Tax Protective whereby one small premium protects you and your business against the additional fees that would be associated with a HMRC tax investigation.
Ring 01752 680041 for advice about tax investigation insurance.