The way H.M. Revenue and Customs (HMRC) operates is changing since the passing into law of the Finance Act 2008, which gives inspectors far greater powers than previously. HMRC are more determined to claw back money from taxpayers and are using more efficient methods of checking for non compliance.

The discovery of a simple, unintentional error causing an underpayment of tax may lead to penalties as well as the tax deemed owing plus interest. Disputes with HMRC can quickly spiral into time consuming and costly affairs. Even if no tax is found as owing, the professional fees incurred in handling the case will still need to be paid.

We at Edwin Smith are able to offer to all our clients a fee protection service which can significantly reduce the financial burden that you would face if you became the subject of an investigation by HMRC. For a small annual subscription, the scheme will provide you with the equivalent of up to £100,000 worth of our time in the event of a written intervention by the tax authorities and enables us to dedicate as much time as necessary to get the best result for you, without worrying about spiralling costs. For all business clients, included in the service at no extra cost, is access to a Business Support Helpline that you can call to help you through the legal minefield of today’s business environment.

If you are interested in taking up cover, please contact us.