When HMRC comes knocking, it can feel daunting. Whether it’s a full tax enquiry or a quick question about your VAT return, dealing with HMRC can be time-consuming, stressful and costly.
That’s where Fee Protection comes in.
What is Fee Protection?
Fee Protection is a type of insurance that covers the professional fees incurred if your business is investigated or challenged by HMRC.
Even if you’ve done everything by the book, HMRC has the right to open investigations at any time, and the cost of defending your position can quickly add up. With our Fee Protection service, those professional fees are covered (up to £100,000 per claim), meaning you won’t be left footing the bill.
What Does it Cover?
Here at Greystone Advisory, our Tax Investigation Service gives you peace of mind. If HMRC gets in touch, we’ve got your back.
Our service covers a wide range of scenarios, including:
- Full & Aspect Enquiries: HMRC checking some or all of your self-assessment return.
- VAT, PAYE, NIC, CIS Disputes: where HMRC challenges how you’ve reported or calculated tax.
- IR35 Checks and Disputes: common for contractors and freelancers.
- Compliance Visits: routine checks on VAT, PAYE, CJRS (furlough claims), or NMW.
- Employment Status Disputes: HMRC claiming someone you class as self-employed should be on payroll.
- IHT & Gift Aid Reviews: especially relevant to charities or estates.
We’ll act on your behalf, handle all correspondence, and do the heavy lifting so you can get on with running your business.
Extra Peace of Mind
As part of the service, you’ll also have access to a 24/7 legal helpline, run by one of the UK’s largest law firms. You can call for advice on a range of commercial issues – from employment law to landlord disputes – whenever you need it.
Are There Any Exclusions?
Yes, like any policy, there are limits. For example, the service doesn’t cover:
- Fraud investigations under Code of Practice 9.
- Disputes that pre-date your subscription.
- Tax credit enquiries or very late returns.
But in most day-to-day business scenarios, we’ve got you covered.
To summarise:
Fee Protection covers the cost of professional fees if HMRC investigates your business.It includes full and aspect enquiries, compliance visits, and tax disputes. You’ll also get access to a 24/7 legal advice line.
It’s peace of mind and it allows you to focus on what you do best: running your business.
Contact us if you would like to protect your business from surprise HMRC costs.
