Fee Protection Insurance is a Scheme that covers the clients of an Accountancy Practice for any professional fees that result from an investigation by HMRC.
Croner Taxwise is the largest Fee Protection Insurance provider in the UK, specialising in enabling Accountancy Practices to offer Fee Protection Insurance to their clients, enhancing their service offering and growing revenue as a result.
The number of investigations is thought to be rising every single year with any one of you being able to be selected for an investigation by HMRC: whether that’s a business, a director or an individual taxpayer.
Last year, HMRC added another tool to their arsenal when they launched their £100million super-computer called “Connect”. The powerful new system has the ability to draw data from a number of government and corporate sources to create a profile of that taxpayer’s total income.
Where there are discrepancies, the account is flagged and could result in an investigation. Our Fee Protection Policy is all-embracing and will provide you with the ultimate protection.
These sources and platforms ranging from Airbnb and eBay to Visa and MasterCard, analysing trends and patterns of behaviour. From the start of the year, HMRC has also been able to gather information from British overseas territories and another 60 countries.
Please get in contact for more info and charges.