Tax investigation protection insurance has been designed to cover your business against liability for accountant’s fees needed to defend an enquiry from the Revenue Authorities.
For only £98.55 per annum the tax investigation protection insurance policy will cover the legal costs and expenses if your pharmacy business is involved in certain Legal Tax matters including defending an enquiry up to £100,000 to pay for professional legal fees that arise from the following incidents:
Insurance Premium Tax increases to 12.5% from 1 June 2017. The new rate will be £100.80.
|Formal aspect enquiry by HM Revenue & Customs (HMRC)||YES|
|A formal full enquiry by HM Revenue & Customs||YES|
|Appeal proceedings following an assessment relating to VAT||YES|
|A dispute about your compliance with regulations relating to :
(b) Social Security
(c) National Insurance Contribution (NIC)
|A formal aspect or full enquiry into the personal tax affairs of your directors and/or partners||YES|
|IR35 disputes – an enquiry by HMRC conducted into the status of the insured under the Social Security Contributions||YES|
|A 24 hr a day telephone helpline on Income Tax, Capital Gains Tax, VAT, NIC||YES|
|Businessmax website access – provides you with all the essential tools and services required to prepare vital legal paperwork in connection with your business||YES|
|Up to two pharmacies covered on one policy||YES|
|Level of cover|
|Sum insured to defend an enquiry from Revenue Authorities||£100,000|
|Excess applies for aspect enquiries on each and every claim||£250.00|
Terms & Conditions apply. Please refer to the Keyfacts for full details.