HM Revenue & Customs investigations
A benefit to aid members if they are subject to a tax investigation by HM Revenue & Customs.
MU paying members have access to this tax investigation insurance benefit, for which no registration is required.
The scheme covers:
- Income Tax Full & Aspect Enquiries
- IR35 Disputes
- Employer Compliance Disputes
- VAT Disputes
- Employer Compliance visits
- VAT visits
- Real Time record reviews
- Business Inspections
- Written requests for information under S36 legislation.
Each claim is subject to an excess of £250. Aspect enquiries are subject to a limit of indemnity of £2,750. All other claims have a limit of indemnity of £25,000. The policy will provide for an Abbey Tax Protection Consultant to represent members in the event of a claim being accepted under the insurance policy.
How to make a claim
Please be aware that MU members should notify Abbey Tax in writing as soon as they are aware of any event which may give rise to a claim and that the insurer’s consent is required before Professional Expenses are incurred.
Cover does not extend to include Limited Companies associated with the member. However, members can opt for additional cover, for which the premium will be:
- Turnover up to £100k: £60 + Insurance Premium Tax (IPT)
- Turnover £100-250k: £75 + IPT
- Turnover £250-500k: £100 + IPT
- Turnover above £500k: POA
To arrange additional cover, please telephone Abbey Tax on 0845 223 2727, quoting ‘MU’. The extent of the additional cover is as summarised below, plus Corporation Tax, Full and Aspect Enquiries.