Businesses are not always aware of just what an investigation can entail. In one case, a dentist with a practice boasting a £1,000,000 turnover was given just 35 days to produce all relevant documentation. The process lasted 14 months, and cost more than £3,800 in fees.
The investigation lasted so long mainly because the tax inspector did not understand the financial workings of a modern dental practice. Only specialist support from PFP, the leading provider of Tax Investigation Cost Protection, prevented the investigation from lasting several years.
With a range of policies including the TaxMaster (which can be extended to cover Aspect Enquiries), PFP can offer you an insurance that will pay up to £75,000 towards your accountant or investigation specialist's fees in the event of a tax investigation. Reliable advice will help you to face investigations with confidence.
PFP also provides unlimited advice on Human Resources and Employment issues with the HR Plus service.
December 2008
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Professional Fee Protection Limited is authorised and regulated by the Financial Services Authority. Professional Fee Protection Limited is a company registered in England and Wales. Company registration number 1971993. Registered Office: PFP House, 5 Sylvan Court, Basildon, Essex, SS15 6TH.
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