Protection at a premium
Sacks, Alan
Protection at a premium - 2006 - Accountancy 137(1352) April 2006, 66-70(4) .
Tax authority investigations of a client can create cash flow problems for the workplace. The current list of possibilities includes income tax and corporate tax full and aspect enquiries, VAT disputes, and employer compliance disputes covering IR35, PAYE, NIC and P11D. This paper examines how professional fees insurance schemes can enable practices to insure against fees jeopardised in this way, but also highlights it's sometimes costly disadvantages.
Protection at a premium - 2006 - Accountancy 137(1352) April 2006, 66-70(4) .
Tax authority investigations of a client can create cash flow problems for the workplace. The current list of possibilities includes income tax and corporate tax full and aspect enquiries, VAT disputes, and employer compliance disputes covering IR35, PAYE, NIC and P11D. This paper examines how professional fees insurance schemes can enable practices to insure against fees jeopardised in this way, but also highlights it's sometimes costly disadvantages.