At Honey Barrett, we recognise that HM Revenue & Customs are increasingly conducting random investigations and disputes into personal and corporate tax returns and therefore we offer all our clients a fee protection scheme.

What is fee protection?
Fee Protection is an insurance scheme that will pay the additional professional fees that are incurred during an investigation or dispute by HM Revenue & Customs. Therefore, all our clients have to worry about is paying any additional tax due.

Directors & Partners Cover
Directors and Partners are covered for investigations and disputes into their own tax returns without the business being investigated. However for them to be covered, we must act as tax return agents for the Director or Partner and the tax return must be a personal one. Cover for Directors & Partners is included in the cover for the Limited Company or Partnership.

Business Support Helpline
Through our fee protection scheme, businesses will have access to a Business Support Helpline. The Helpline is renowned for the level of expertise and support that it provides to all types and size of business. The consultants who man the Helpline are recruited for their ability to draw on their own specialist knowledge and experience to provide tailored, practical, realistic solutions. They all have many years’ experience, which they have gained in different industry backgrounds.

The Helpline offers advice in the following areas:

• Employment Law
• Health & Safety
• Commercial Legal

The Helpline forms part of the fee protection scheme.

The Fee Protection scheme we use is TaxSure from CCH Fee Protection. CCH are the market leaders in Fee Protection and have over 20 years experience.

How do you Join?
Please contact Julie Evans on 01323 412277 or email us at eastbourne@honeybarrett.co.uk with any queries or for details on how to join our TaxSure Fee Protection Scheme.

How does Fee Protection work in Practice?

Small family run-restaurant
The enquiry ran for four years, The Inspector was adamant that sales had been understated but the only additions were minor and in respect of private use adjustments. Final accountancy fees required to provide the right level of representation were just over £7,000.

Small family-run building firm
A VAT dispute which concerned the businesses VAT registration. The case was decided in the client’s favour and over £30,000 of VAT was saved. The costs incurred in representing the client were approximately £8,500 over a three-year period.

Sole Trader Landscape Gardener
HM Revenue & Customs claimed the gardener had understated his sales. The investigation ran for three years with fees approximately £7,000 being incurred to prove that the sales were not understated.

Medium sized retail firm
The enquiry ran for 18 months and the firm incurred just under £10,000 in accountancy fees as a result. Following the enquiry, all the company had to pay was a further £200 in tax.

 

Click here to download the TaxSure Fee Protection Key Facts.