Charles Stuart are specialists in dealing with HM Revenue & Customs Aspect Enquiries and full Tax Investigations. Our team consists of chartered accountants and experienced staff who have worked on investigation assignments for many years. Our expertise in previous cases has often resulted in taxpayers bearing no additional tax at all. Where tax has been underpaid we frequently manage to negotiate low penalties and overall settlement figures.
We provide the highest standards of professionalism in terms of both advice and expertise in handling The Revenue’s involvement into your affairs. We can manage the investigation in full, liaising with the Revenue and preparing all disclosures required, conducting all negotiations over tax, penalties, interest and settlement terms with the Inspector.
Provided there has been no fraud by the taxpayer and they have taken up our Tax Enquiry Insurance, our fees for dealing with the enquiry are paid for by insurers.
For help with any HM Revenue & Customs enquiry click here to contact us.
TAX ENQUIRY INSURANCE
HM Revenue & Customs have the resources to open an enquiry into the return of any taxpayer and reasons for opening an enquiry no longer need to be given. With random enquiries, computer generated aspect enquiries and Taxman bonuses linked to extra tax recovered, the likelihood of an enquiry is greater than ever.
Even if you are completely exonerated, the fees to defend such enquiries can be substantial. The importance of considering insurance against this eventuality has never been as high as today.
In order to protect your interests, we have a Tax Enquiry Insurance Practice Scheme in place. All participating clients who are selected for enquiry will have the professional fees resulting from the enquiry paid by the insurer. An enquiry can incur professional fees of many thousands of pounds even if the enquiry does not result in any further tax due.
The insurance covers an individual or business against professional fees incurred by representing the client during a formal enquiry opened into their tax return and/or accounts by HM Revenue & Customs. It also includes fees incurred during VAT, PAYE and NIC disputes. For each insured business, the personal tax returns of the directors, members, partners and their spouses are also covered provided that Charles Stuart prepares the tax returns for those individuals.
The scheme is managed by Qdos Consulting and underwritten by Irwell Insurance. An important additional benefit is the inclusion of unlimited telephone access to the Qdos specialists on any matter relating to employment and health & safety law and its associated compliance requirements. This is an area of law that has seen an unprecedented number of legislative changes over the past few years, resulting in a huge burden on business managers. For many of our clients, access to this help-line more than justifies the premium payable.
By researching the market and attaining volume discounts on premiums we are able to provide a low cost insurance product that we strongly recommend clients should take advantage of.
We feel that it is important to point out that if you hold a similar policy from another source, it is very possible that, in the event of a claim, our fees will not be allowed. Instead, people who currently have no personal knowledge of your tax affairs will deal with the matter. In order to ensure that we are able to act for you in the event of a Tax Enquiry, this insurance should be taken out in preference.
For help with any HM Revenue & Customs enquiry contact one of our principals.