Every year, we offer our clients Fee Protection Insurance, provided by Croner I. While the words “HMRC investigation” might send a chill down your spine (and make your wallet quiver), this insurance is your financial suit of armour, shielding you from the unexpected costs of defending yourself.
What is it?
In short, Fee Protection Insurance covers the professional fees incurred when HMRC decides to dive into your financial affairs. Whether you’re an SME or a personal tax client, an investigation can be time-consuming, expensive, and downright stressful. That’s where we come in—acting on your behalf to navigate the investigation, with our fees covered by the insurance.
Why do you need it?
HMRC isn’t a picky eater. They can target anyone, from the solo entrepreneur with a home office to a thriving business with staff and premises. And the worst part? You don’t have to have done anything wrong for them to start poking around.
Let’s say you run a small café, and HMRC suddenly wants to inspect your tax records. With Fee Protection Insurance, you won’t be hit with an unexpected bill from us for defending your case. Without it, though… well, let’s just say the costs of defending your tax position can pile up quicker than unpaid VAT!
Or perhaps you’re a personal tax client who made a few small investments. HMRC might want a closer look at your income sources, and before you know it, you’re knee-deep in paperwork. The insurance means we handle it all, without any surprise invoices to you.
Common Scenarios:
- The Family Business: You’re the proud owner of a small manufacturing company. Everything is running smoothly until HMRC asks to review your payroll. Now you’re looking at hours of detailed questions and follow-up documents. No worries—this insurance covers our fees, and we handle the headache for you.
- The Personal Tax Client: You’ve filed your tax return correctly, but HMRC has some questions about a rental property. Suddenly, you’re stuck in a whirlwind of letters and tax codes. With Fee Protection Insurance, we’ll step in, respond to HMRC, and ensure everything gets sorted—at no extra cost to you.
In short, Fee Protection Insurance gives you two very important things: expert support and the freedom to sleep well at night, knowing we’ve got you covered if HMRC decides to take an interest.
And that’s not all! With our Fee Protection Insurance scheme, clients also gain access to My Business Hub, a valuable Croner I product designed to make running your business smoother. Think of it as your all-in-one toolkit for HR, health & safety, and employment law advice—all just a click away.
What’s in the Hub?
My Business Hub is packed with resources tailored to SMEs. Need a quick contract template? Or perhaps some up-to-date health and safety guidance? It’s all there, neatly organised and ready to download. While this doesn’t replace the need for expert legal advice, it works alongside it, helping you stay on top of day-to-day compliance and management.
Why it helps:
Picture this: you’re expanding your team and need to brush up on your employment law obligations (workplace policies, anyone?). Or maybe there’s a looming health & safety audit, and you’re unsure where to start. My Business Hub offers comprehensive, expert-backed content to guide you through, complementing the legal support you rely on and saving you time, effort, and stress.
So, with our Fee Protection Insurance, not only are you covered for any HMRC surprises, but you’ve also got extra support to tackle other business challenges head-on. It’s a win-win!
Keep an eye out for our email landing in your inbox soon—the insurance is on an opt-in basis, and for those who haven’t taken advantage in the past, we’ll still offer it just in case your circumstances or mind have changed.
In the meantime if you have any questions then please contact Lucy@cga-york.co.uk
