Fee Protection Scheme
McLean Reid have offered a tax enquiry fee protection service for many years, and having this cover has paid off for many clients both in terms of peace of mind and financially.
- As of April 2009 HMRC are able to visit business premises to inspect records covering all taxes. They can also issue written queries before you have even submitted your annual tax return.
- Anyone who pays tax can come under scrutiny.
- Most enquires are generated by computer ‘risk-profiling’ and many are selected at random.
- The questions asked are usually very detailed and time-consuming to answer so the costs of defending you can easily run into thousands of pounds. These costs are not covered by the normal fees paid to your accountant.
- Our scheme is backed by an insurance policy provided by a leading insurer in this field.
- McLean Reid will defend you should you receive any correspondence or visit from HMRC
- You will be fully protected for professional costs up to £75,000
- Normally insuring the Company, where the business is limited, will also cover the directors
- Full details and service charges are available from partner John Champion. Non-clients are not eligible for this specific cover.
