Tax investigation insurance

[JapanRed]

Hi,

My accountant has just withdrawn this service, which leaves my Ltd company with no insurance. Given that this company was previously investigated for almost 3 years by HMRC, I’m keen to get some insurance as I simply couldn’t have fought them (HMRC) on my own last time.

Can anyone recommend any companies? I’d be especially keen to hear if anyone has had to utilise the services if HMRC have launched an investigation.

Thanks in advance.

PS - we used Croner last time who I could not fault but they don’t offer insurance directly to individual companies, only to accountancy firms.

[JamesW]

The Federation of small business offer it as part of the membership package (along with jury service cover).

[niva441]

I'm sure the investigation insurance documentation from my accounts detailed the company actually underwriting the service, if so could you not contact them directly.

[MustangGT]

Look for a new accountant who does offer this.

Also, if HMRC have investigated you for 3 years, are you sure your accountant is the right one for you.

[Eric Mc]

In my experience, actual tax "investigations" (actually they are properly referred to as "enquiries") are very, very rare these days.

[JapanRed]

JamesW said:

The Federation of small business offer it as part of the membership package (along with jury service cover).

Thank you, exactly what I was looking for.

[JamesW]

No problem - been a member for about 10 years, and never really used them.

I got called for Jury Service last year, and someone told me that they will cover the loss of earnings as part of the membership package - which was great.

Didn't actually need it in the end, as I rescheduled my service for the week commencing the 23rd of December (with the theory that nobody in the court service is going to want to work between Christmas and New year), and got sent home after an hour.