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Tax Fee Protection Insurance Protect your business
against HMRC enquiry costs

We have you covered

Tax fee protection insurance (TFPI) protects you and your clients against the cost of defending or responding to enquiries from HMRC. It also secures and protects your practice/ client relationship. TFPI ensures your practice gets paid for your work at the correct level, regardless of your client’s affordability or willingness to pay the extra fees normally incurred.

As an independent consultant (not a broker), we take an unbiased look at the market and match that with your needs. Using our knowledge and experience, we will advise on which policy is right for you.

Mind the tax gap

The tax gap is the difference between tax collected and tax deemed due.

HMRC is likely to try to recoup as much tax revenue as possible in 2021. This is another effect of the pandemic. More than 50 percent of HMRC enquiries result in no additional tax being due. But the cost of accountancy fees can be problematic for your clients.

More than just insurance for accountants

Many TFPI providers add huge value. They provide technical helplines and HMRC advisory services for accountants. They may also offer HR, business legal and employment law advice for their clients.

Your scheme options:

1. Clients decide – clients are offered the cover and pay accordingly.

2. All clients covered – the practice covers all of its clients. Costs are either included in annual fees or charged separately .

3. Web-portal – our portal is ideal for accountants who do not have their own policy but would like to offer clients the ability to buy their own cover.

 

What is covered?
 
What is not (usually) covered?
Most enquiries into a taxpayer’s affairs are covered. This includes corporation and income tax in full, aspect, PAYE, CIS, VAT and NIC; some with limitations of cover. Routine work, statutory compliance, outstanding taxes, fines/ penalties, fraud, tax evasion and work done prior to claims acceptance.

Are you a business owner?

Although our consultancy service is mainly for accountants, we understand that business owners, whose accountant may not offer the scheme, will need to protect themselves against unexpected, often unwarranted, enquiries from HMRC. That’s why we have partnered with a well-renowned tax fee protection insurer to offer a policy specifically for you. What’s even better is that we’ve made this easy to buy through our web-portal. Simply, follow the link below.

Protect Your Clients

TFPI provides security for unplanned costs and ensures their own accountant is retained in dealing with HMRC.

Protect Your Practice

TFPI provides better cashflow whilst dealing with HMRC enquiries without affecting the client relationship.

Expand Your Services

Associated services accompanying the scheme add value to both the practice and the taxpayer client.

Improved cover

We’re regularly able to improve cover. Definitely with a new provider but often by forcing the existing insurer to amend cover (where they can).

Cost efficient

Our fees are more often than not, covered by the discounted premium we achieve. This can be with the existing insurer or with a new provider.

Unbiased Recommendation

We take an unbiased look at the market and match that with your needs. Using our knowledge and experience, we will advise on which policy is right for you.

The Zeal Guide to Tax Fee Protection Insurance

Everything you need to know about tax fee protection insurance

Ask the Expert

TFPI can be confusing. With 17 years in the game, there are few questions Mike cannot answer. Why not book a call with him.

Book call

With so many providers, choosing the right TPFI policy at the best price can be troublesome and time consuming.

Zeal will find the right deal for you

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