Potter & Pollard

PROFESSIONAL FEES PROTECTION.

As we are all aware from articles published in the Press, the Inland Revenue are significantly increasing the number of enquiries opened into Taxpayer's Returns.

More and more resources are being allocated to the Enquiry sections of all Inland Revenue districts.   No one is immune from selection - the Inland Revenue are entitled to select cases completely at random.

Within POTTER & POLLARD, we  have experienced a significant increase over the years in the number of enquiries opened by the Revenue into our client's returns.

These enquiries are very time-consuming as well as expensive in terms of accountancy fees.

The enquiries are also very worrying to the taxpayer during the months it takes to complete even the simplest of them. This is so even when there are no errors in a client's records and the enquiry results in no adjustment to the self-assessment return originally submitted.

Even in this last situation, the fee is rarely less than £1000 and can be much higher . One recent routine enquiry we have dealt with cost almost £5000 in terms of our fees.

At POTTER & POLLARD, we have taken a policy decision that the best help we can give our clients in this respect is to offer an annual low cost group policy to protect against the cost of such an Inland Revenue  enquiry.  With the increased likelihood of anyone being selected for any enquiry, at least this removes the worry of the costs incurred.  It also means that even if the sums involved are small, our clients are willing to resist the Revenue's assertions if we consider it justified.

Please contact us if you would like more information.