Tax Enquiries - Everyone is at risk

 

Anyone who sends in a tax return or business accounts to HM Revenue & Customs (HMRC) is at risk of a tax enquiry or inspection. Thousands of individuals and businesses are selected for such checks every year.

If it happens to you, the questions will be detailed and time consuming to answer. Even if HMRC does not find any extra tax to pay, the costs to defend you could be substantial and can easily amount to hundreds or thousands of £s.

Most accountant’s normal annual fees do not cover the additional professional costs of handling tax enquiries and compliance checks. You can obtain protection against the potentially high costs of such fees simply and inexpensively by taking out Tax Fee Protection (TFP) insurance cover.

Choosing an International Accountant, you have already put your business is in safe hands. As a member of the AIA, your accountant is professionally qualified, is required to undertake continuous study to keep up-to-date with changes in the profession, and has the support of a world class professional body behind them. As part of this support, AIA has teamed up with Qdos Vantage to ensure that our accountants and their clients have access to Qdos TFP insurance, giving you value for money, and making it simple for you to ensure you are protected.

For more information, please see the Qdos Vantage leaflet, which gives details of HMRC activity and the insurance cover that Qdos can provide.

Follow our step by step guide below to find out more.

   Qdos Vantage Regulated Leaflet

What is it?

Qdos Vantage Tax Fee Protection insurance (TFP) covers professional fees incurred defending clients when HM Revenue & Customs (HMRC) checks whether a client has paid the correct amount of tax.

The costs of defence in most reviews carried out by HMRC under the tax legislation are covered, including full and aspect tax enquiries, VAT and PAYE/NIC compliance checks, Business Records Reviews, and more. See the ”What does it cover” page for more information.

An additional benefit of taking out Qdos Vantage TFP cover is that support is available on general legal issues and the complex areas of Employment Law and Health & Safety.  A telephone helpline number will be supplied when cover is taken out. You will be able to use this free of charge to obtain complementary expert advice on such issues when you need help.


Statement of Demands & Needs

When purchasing a product from our shop you will first be asked to register for an account. Once you have completed our online application form and made payment, you will be able to log into your account to view your policy documents or product information.

It is important that before deciding to purchase a Qdos product you consider whether the insurance is appropriate for you. 

You should read thoroughly all the product information we have made available to you, in particular the Specimen Policy Wording together with the Summary of Cover (Key Facts) before deciding to purchase your chosen product. These documents contain the full Policy Terms and Conditions. 

Please note that you are basing your purchase solely on your own interpretation of the information we have provided.


Qdos Broker & Underwriting Services Limited is an insurance intermediary that specialises in the provision of specialist insurance schemes.  Qdos Broker & Underwriting Services Limited is authorised and regulated by the Financial Conduct Authority.  For further information about Qdos please click here.