I currently pay tax via PAYE and therefore have quite simply tax affairs. I do not currently receive a self assement return, but if I did would be able to complete it without further help (i.e without an accoutant)
Is it possible to take out a low cost insurance to cover me for any costs, should the inland revenue decide to start an enquiry.
I do not mind using an accountant nominated by teh insurer, but would like the piece of mind that if the IR should every decide to enquiry into my tax payment etc that I can pass the matter onto a professional to deal with the matter - and not worry about the expense I am incurring if I have to pay for the accoutants time - i.e there is an article on todays bbc.co.uk online which tell of " A Somerset man has been hit with a £769 accountant's bill following an Inland Revenue investigation which revealed he had failed to pay eight pence in tax"
can anyone recommend any insurance companies that would cover this sort of thing? and provide any links?
Thanks
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