Think your clients are safe from an HMRC enquiry?... Think again

FeeProtection Insurance.

A tax enquiry can happen to anyone

After achieving a record £26.6bn in compliance revenue in 2014/15, HMRC has been given £800m to pursue non-compliance and tax evasion, with a view to delivering an extra £5bn a year. The cost of an enquiry can, and often does, incur thousands of pounds of professional fees.

It is predicted that increased compliance targets will trigger a significant rise in both aspect and full enquiries.

Abbey Tax Fee Protection Insurance can offer both your business and personal clients protection in the event of an HMRC enquiry, whilst ensuring that all your professional fees are provided for.

The cost of protection for the client is a fraction of the likely costs that would be incurred during an enquiry.

Our comprehensive fee protection policies offer up to £100,000 of cover per claim and covers for all the latest HMRC enquiries and disputes, including:– Income tax, full and aspect enquiries– Corporation tax, full and aspect enquiries– IR35 disputes– Employer compliance disputes– VAT disputes– Schedule 36 pre disputes including: – VAT and PAYE compliance visits – Interventions – Real time record reviews

With no mandatory excesses or lower limits, you can be confident that your practice will be fully protected in the event of an enquiry. The scope of our policies is regularly reviewed to reflect the current tactics of HMRC. Cover can be extended where appropriate to meet your requirements.

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Types of schemes available

We are here to help you

At Abbey Tax we offer a flexible approach to how you choose to deliver fee protection to your clients:

The insurance industry is regulated by the Financial Conduct Authority (FCA) and we can advise you on the right scheme based on your regulatory status.

Practice Protector – the practice is the insured and the policyholder. You offer your clients a tax investigations service. The firm is not offering an insurance and does not need to be a regulated intermediary.

Client Protector – insures your clients and you will need the relevant regulatory status (either direct authorisation from the FCA or a relevant DPB licence together with the appropriate level of PI Insurance) to act as an insurance intermediary.

All client schemes – covering all clients of the practice.

Client decide schemes – covering only those who opt into the scheme.

Client decide direct – for firms who would like Abbey Tax to handle the administration.

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24 hour access 365 days a year To assist you we have developed an online portal, Accountants Online, giving you the freedom to notify us of clients joining your scheme, as and when they subscribe, at a time that fits in with your busy schedule.

You will also have access to online claims forms, allowing you to upload supporting documentation at the time of submission, directly to your claims consultant.

Making life easierYour practice will have a dedicated service team including your own account manager, client services administrator and personal claims consultant to ensure the scheme meets the needs of your practice.

Full marketing supportClients benefit from our unique marketing platform giving you access to a wealth of images, content and templates to enable you to create bespoke e-shots, newsletters and promotional material in a matter of minutes; all fully white labelled under your own brand.

Our specialist marketing team can assist you to achieve the scheme’s full potential by developing proven strategies that minimise the administrative impact on your business whilst delivering the desired scheme take up.

We offer a comprehensive range of marketing collateral and content including: – A full suite of personalised marketing documentation– Information for your website– Articles for newsletters– E-shots– Hot topics, statistics and recent news– Sector related content

If you require a more bespoke marketing service, just ask, we are here to help you.

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A protected client - is a happy client!

Tax and VAT helplinePractices offering Abbey Tax fee protection schemes have unlimited access to our outstanding tax and VAT helpline.

We provide an in-house telephone advice line to over 50,000 callers each year.

Whether you need support with a complex issue or reassurance on a specific matter, our expert team of advisers are here to help.

Outstanding, excellent, incredibly knowledgeable and exceptionally helpful, just a few words that our clients have used to describe our helpline in a recent customer satisfaction survey.

Technical updates and email bulletinsAt Abbey Tax, we pride ourselves on the speed we are able to report on industry news and updates. We harness the very latest technology to make certain you are well informed and armed with breaking news and market trends. Whether you prefer Twitter, or more traditional email updates, we will keep you up to date with industry and HMRC activity.

Business legal helplineThe business legal helpline is available to both you and your clients 24 hours a day, 365 days a year. Our in-house team of barristers and solicitors can answer any concerns or queries you may have relating to employment law, health and safety issues and commercial matters.

ClaimsThe claims team at Abbey Tax are second to none, providing an expert service, dedicated to a fast claims turnaround and a flexible attitude. All our claims consultants have extensive knowledge and experience within fee protection and tax enquiry work so you can be confident your claim will be handled expediently and efficiently.

We pay your invoice using your preferred payment method.

Why Abbey Tax Fee Protection Insurance?– Client satisfaction is at the forefront of everything

we do– 97% of our clients renew with us each year– Comprehensive marketing and administrative support– In-house helplines– Dedicated customer support and claims teams– Clear, concise policy documentation; we don’t hide

behind jargon– We will work together with you to maximise the take

up of your scheme in a professional and progressive manner to achieve optimum results.

Since 1997 we are proud to have provided our products and services to a range of trusted institutions including:ACCA, ICAS, ICAEW, UK200 Group, SWAT, AVN, IPSE, Tolleys and the FSB.

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Helplines

Speak with your local account manager today to discuss how Abbey Tax Fee Protection Insurance can assist you.

Tel: 0345 223 2727 Email: sales@abbeytax.co.uk www.abbeytax.co.uk

Abbey Tax Insurance Services One Mitchell CourtCastle Mound WayRugby CV23 0UY Tel: +44 (0)345 223 2727 www.abbeytax.co.uk