Tax Investigation Fee Protection

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Tax Investigation Insurance for Cryptocurrency Users

An HMRC investigation can happen at any time. With the exceptional increase in cryptocurrency value last year HMRC is specifically targeting cryptocurrency users to increase the tax revenue. 

Regardless of how careful you are with your tax affairs, HMRC can randomly select you for a tax enquiry. You'll be responsible for proving your innocence or agreeing to the Tax Inspector's demands.

Unfortunately, your defence will cost considerable time and money – even a basic tax enquiry can cost you several thousands of pounds and typically last up to 19 months! The very thought of an HMRC enquiry can be daunting but in the event that you are chosen for investigation we can help you at every step of the process. Early professional representation is an essential part of your defence, this takes time, expense and flexibility on our behalf. Our Tax Investigation service provide comprehensive access to experts in handling tax investigations, supporting you through the duration of any your claims. With the number of investigations rising every single year, you could be selected for an investigation by HMRC. Last year, they added another tool to their arsenal when they launched their £100million supercomputer called “Connect”. The powerful new system has the ability to draw data from a number of government and corporate sources to create a profile of that taxpayer’s total income. Our Tax Investigation service in partnership with Croner Taxwise includes:
  • Representation from us in the event of an HMRC investigation, with zero excess and £100,000 fees indemnity.
  • Peace of mind. We will deal directly with HMRC on your behalf safeguarding you from the concern and stress of unknown additional fees.
  • Access to experienced solicitors who will advise you on all areas of law including contract, property and landlord & tenant.

Tax Planning

Maximise wealth through effective tax planning.

  • Any compliance check started by HMRC regarding your compliance with Income Tax and/or Corporation Tax Self Assessment: PAYE, National Insurance, Construction Industry, IR35; VAT; National Minimum Wage or Gift Aid legislation and regulations; and
  • Any consequent dispute with HMRC after the issue of an assessment, computation of liabilities, written decision, notice of VAT civil penalty or notice of underpayment of the National Minimum Wage; and
  • Any claim in respect of Inheritance Tax enquiries, Child Tax Credit enquiries or compliance check carried out under HMRC Code of Practice 8 (provided fraud is disproved subject to a maximum indemnity of £15,000
  • Including professional fees incurred in respect of a local review of the enquiry and preparation and representation at an appeal to the First-tier Tribunal, Upper Tribunal or Employment Tribunal and any appeal against such a tribunal’s decision. After an appeal to the Upper Tribunal or where there is no right of appeal to the tribunal, the Policy will cover an application for Judicial Review (subject to a maximum indemnity of £5,000).

The key exclusions are fraud, criminal prosecutions, tax avoidance schemes, deliberate omissions, any tax, fines, penalties or interest that you may be required to pay and any enquiries that commence prior to the commencement date of the policy.