Tax Fee Protection Insurance
Protect Your Practice with ICPA’s Tax Fee Protection Scheme. Worried about potential HMRC investigations of your practice? Our tax fee protection insurance will give you peace of mind.
Key Features of the HMRC Tax Investigation Service
With our HMRC investigation cover, provided in partnership with Vantage, ICPA members can enjoy:
Fee Protection for Accountants
- check_small What it covers: Safeguards accountants’ fees (up to £125 per hour) incurred during an HMRC tax investigation.
- check_small Why it matters: Protects practices from financial losses while providing dedicated support to clients.
Client-Focused Tax Protection
- check_small What it covers: Affordable tax fee protection for clients, shielding them from the financial burden of an HMRC investigation.
- check_small Why it matters: Provides peace of mind and helps maintain strong client relationships.
Easy Client Access and Application
- check_small How it works: Accountants share a link with clients, enabling them to purchase cover directly.
- check_small Why it matters: Streamlined process ensures easy adoption with minimal administrative burden.
Why You Need HMRC Tax Investigation Insurance
In today’s regulatory environment, the risk of HMRC investigating your clients is higher than ever. With HMRC using new tools to pick up discrepancies, even clients with the cleanest of records can find themselves under investigation.
For accountants, tax investigations can pose significant challenges – not only in managing the increased workload associated with an investigation, but also in addressing the potential financial implications for your clients. That’s where tax investigation insurance comes in.
Even if no errors are found, the cost of responding to queries, providing documentation and navigating the investigation process can add up. Tax fee protection covers you and your clients for these unexpected costs: demonstrating that you have your clients’ best interests at heart, alleviating stress, and allowing you to provide the best possible service without concerns about billing for your time.
Who Should Use This Service?
ICPA’s tax investigation insurance is designed to be used by practices looking to enhance their client services while safeguarding their own fees.
It may be that you are an accountant with clients at risk of HMRC investigation, either because of the nature of their business or because they have required tax investigation help in the past. It may be that you are a small business owner concerned about managing the cost of an enquiry, which could take up significant day-to-day resources.
If you’re a brand new accounting practice, the burden of a tax investigation can be significantly higher than for established practices – in terms of both lost fees and resources. Our tax fee protection not only safeguards your fees in the case of an investigation, it also offers you invaluable tax investigation advice, and gives you a competitive edge. This cover is included in our Essentials membership package, tailored to support new practices and providing the membership benefits necessary for attracting clients, building trust and growing your business.
Benefits of the HMRC Tax Investigation Service
Our tax fee protection scheme provides significant benefits to ICPA members:
Comprehensive Protection
- check_small Covers accountants and clients against the escalating costs of HMRC enquiries.
- check_small Provides peace of mind for accountants, knowing they can support clients without incurring unexpected costs.
Revenue Opportunity for Accountants
- check_small Enables practices to offer an additional value-added service, strengthening client trust and loyalty.
Backed by Experts
- check_small Our partnership with Vantage provides reliable, industry-backed protection tailored for accountants and small practices.
How to Get Started with HMRC Tax Investigation Insurance
Protecting your practice and your clients from HMRC investigation has never been easier. ICPA’s tax investigation insurance offers a simple and effective way to provide peace of mind, and to stand out from the competition. Follow these three easy steps to get started today.
Step 1: Contact ICPA to learn more about the scheme and the application process. Our expert team is here to guide you through the application process and answer any questions you may have.
Step 2: Once you’ve signed up, we’ll provide you with a unique link to share with your clients to allow them to purchase cover directly, ensuring they are protected from the potential costs of an HMRC investigation.
Step 3: Start enjoying the peace of mind that comes with knowing your fees and your clients are protected! With our tax investigation insurance in place, you can focus on supporting your clients and growing your practice without worrying about the financial strain of an HMRC investigation. You’ll know your fees are protected for the additional work that an investigation requires, while your clients benefit from expert support and financial security.
How else can the ICPA help you?
There are plenty of ways in which you can benefit from being a member of the ICPA. Find out more below.
Secure Your Practice and Clients with HMRC Tax Investigation Protection
Our tax investigation advice and protection sit alongside our other membership benefits – including advice lines, accounting compliance tools, insurance and more – to offer a range of fantastic value-added services to ICPA members.
Join ICPA today to benefit from the use of our tax fee protection service, protecting your practice and your client base from the burden of HMRC investigations. For further insight into how this protection works, contact us and we’ll be happy to help.
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