Taxation Dispute Cover

Beware Customs and Excise have the power to investigate any business at any time. 

The key facts regarding Insurance Protection are outlined below:

Self-assessment for businesses means the Inland Revenue has changed its method of operation, introducing random investigations, and is now targeting more businesses.  Unfortunately you don’t have to be at fault and even if you are completely exonerated you will almost certainly have to pay your own defence costs which can be considerable.

How Vision Tax protects your Business

In order to protect your business your accountant has agreed a discounted scheme with Vision Underwriting Limited, a specialist agency with insurance arranged with Great Lakes Reinsurance (UK) PLC, which we are inviting you to join.  For a modest premium Vision Tax will pay for all your business’ additional accountancy fees and those of any other professional advisors required to defend your case.

What Vision Tax Covers

This scheme indemnifies you against your accountant’s fees in defending disputes with the Revenue Authorities.  These include:

• Inland Revenue Investigations

• VAT Disputes

• Employer Compliance Disputes i.e. PAYE, P11D & National Insurance Contributions

• Partners & Directors automatically qualify for their own personal cover where their income from outside interests does not exceed £15,000

What Vision Tax Excludes

• Claims or enquiries which have already commenced or circumstances of which you are aware prior to the inception of this policy

• Claims resulting from Tax or VAT returns having been submitted late without good reason or where records have been kept in a reckless manner

• Matters where fraudulent evasion of tax is involved

• Matters involving the use of offshore tax arrangements

Remove the worry of unbudgeted costs – insure them!

To discuss this cover and how this may protect your business contact us on