Each year HM Revenue & Customs (HMRC) routinely undertake a wide range of checks into individuals and businesses to ensure they have paid the correct amount of tax. Increasingly this involves HMRC using a range of tools, including AI, to sophistically interrogate their vast database of taxpayer information, resulting in computer generated queries being raised.

Coming at a time when headlines regularly point towards the government’s intention to increase tax receipts, the risk of HMRC opening an enquiry into your tax affairs seems ever more likely, regardless of whether you have done anything wrong.

Our tax fee protection service therefore remains an important part of our offering, giving peace of mind that our costs in responding to HMRC on your behalf will be met should you fall under their spotlight.

Tax enquiries can last for months, even years and defending you against HMRC’s detailed and time-consuming questions requires specific expertise often making it a costly exercise, even if no extra tax is payable.

Our normal annual fees do not cover the additional professional costs of handling tax enquiries and compliance checks. We therefore recommend you are protected against these unexpected costs by subscribing to our Tax Fee Protection service.

If you already use this service for your limited company, you may wish to consider taking it out for yourself personally as well.

If you wish to know more about this service or wish to subscribe to it, please don’t hesitate to contact us either on 01227 277667 or at admin@mphaccountants.co.uk.