Tax Investigation Insurance:
A False Sense of Security is no Defence

It should not come as a shock to be selected for tax investigation, since the Inland Revenue selects many cases at random. By specifically targeting sole traders, partnerships and limited companies, the Inland Revenue has managed to increase its tax yield.

So, instead of thinking that there is no reason why they should be investigated, dentists need to realise that there is no reason why they shouldn't.

Authorised and regulated by the Financial Services Authority, Professional Fee Protection (PFP) Ltd offers tax investigation insurance that pays up to £75,000 towards the fees of an accountant or specialist in the event of a tax investigation.

The PFP policy range includes TaxMaster Protection, in which all professional fees incurred in dealing with Full Enquiries and VAT Disputes that start and are notified to PFP in writing during the period of insurance are paid. This cover can be extended to include Aspect Enquiries, examining one or more entries on the self-assessment tax return.

April 2009