Why do you need the Fee Protection Service?

HM Revenue & Customs (HMRC) can enquire into the accounts, business affairs, tax returns, savings and lifestyle of anyone without giving any reason whatsoever, and have many specific industry taskforces.

If you are chosen for investigation, it could require us to spend a lot of time dealing with it for you, and could cost many thousands of pounds in fees to deal with. We will assist you to fully answer HMRC’s questions and show you arepaying the correct amount of tax, this requires our expertise and time, and such costs are not included in your annual fees.

Just as you take out contents insurance to protect your home or business, our Tax Enquiry Fee Protection Service covers you for our fees when dealing with an HMRC Enquiry.



The Cover

No nonsense policy allowing MNA to defend you and deal with all enquiry correspondence from HMRC, as well as attending any meetings with HMRC. All our costs will be covered under the service.

Complete peace of mind, with no claims forms to fill in. No ‘Honesty Clause’. Uniquely, claims are not dependent on whether any blame falls on the client, and are not affected by innocent errors and omissions identified by HMRC, late submission of accounts or tax returns while covered, or by the level of penalties imposed.Put simply, if you’ve got something wrong, you are still covered. No excesses apply at all if a claim is made.

Expenses Covered

Our professional fees up to a limit of £50,000 per claim.



Cost

The cost is calculated at 15% of Annual Relevant Accountancy Fees, subject to a maximum cost per annum plus VAT. Relevant fees are only Accounts and Tax work, not therefore all our fees.

Charging as a % of fees is completely fair as it relates directly to the complexity of your affairs, rather than flat rates for all irrespective of size. 

The maximum cost per annum is as follows:-

  • General (Including businesses with turnover up to £5m) - £395
  • Businesses with turnover of between £5m and £20m - £695
  • Businesses with turnover greater than £20m – POA

The Detail

Please download and read The Tax Enquiry Fees Protection Service Brochure for full details of this service.


Obtaining Protection

If you would like to take advantage of this service please download the Fees Protection Service Client Request Form and then complete it and return it to us.

You will be protected as soon as you have paid the relevant fee for the service.

No formal renewal is required each year. We will simply bill you as a supplement to our normal charges, once you settle the fee, you are covered.


Please let us know whether you are happy for us to contact you from time to time with information about our products or services by selecting one of the following options:

Require more information or have questions?

Send us an email via our Contact page if you would like us to contact you to discuss your circumstances or how much this service would cost you.

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