Tax Enquiry Fee Protection Service
At Sloane & Co. we understand that tax is a little word with big implications. With this in mind we will work hard to give you the best possible advice and strategies to make tax altogether less taxing.
To give you peace of mind we offer a Tax Enquiry Fee Protection Service.
Impact on you
Tax investigations are time consuming, stressful and costly.
Investigations can last for many months and during this time, you could find yourself incurring accountancy fees as well as having to deal with costly business disruption and probing questions. Even if you’re found to owe nothing you will still have to pay your professional representation fees.
How the service works
In the unfortunate event that you are selected for investigation you can relax safe in the knowledge that there will be no professional fees to pay.
The service covers up to the equivalent of £100,000 towards our professional fees resulting from an HMRC enquiry.
We’ll provide professional representation on all matters relating to your investigation, ensuring that the enquiry runs as smoothly as possible and providing you with peace of mind. We also deal with the insurers on your behalf.
• Expertise and experience in dealing with HMRC
• Peace of mind that the experts are dealing with HMRC on your behalf
• Dealing with HMRC on your own could make matters worse
• Early intervention can lead to early resolution
• Additional tax due can be avoided or mitigated
Cost
Fees for this service are based on the size of the company or individuals tax affairs, as per the below:
| Company Turnover | Cost |
| Up to £350k | £140 |
| £350k – £1m | £175 |
| £1m – £2m | £210 |
| £2m – £3m | £245 |
| £3m – £4m | £280 |
| £4m – £6m | £315 |
| Over £6m / Audit clients | Call for quote |
| Personal tax | |
| Sole Trader or Partnership | £140 |
| Personal tax Return | £75 |
The above fees include VAT and are only available for clients of Sloane & Co.
Company Directors that are clients of Sloane & Co are covered for their personal tax returns under the company fees.
HMRC Facts
£34 Billion
the estimated tax gap between what HMRC should collect and what it does collect.
£26 Billion
the additional amount of annual tax income that HMRC are targeting to achieve through compliance activity.
£80 Million
spent to develop strategic risk database that automatically generates tax enquiries.
HMRC are proactively targeting individuals and businesses using sophisticated software that has been specifically developed to search trends, indicators and behaviours.
Data that doesn’t cross match can automatically initiate an enquiry. This software combined with wider powers and increased targets means that your chances of being investigated are rising.
