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Cover for tax investigation, facts?

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    #61
    Originally posted by DeludedAussie View Post
    Are you saying you cannot comment on the liabilities portion or that none occured?

    Exactly how many cases have you defended that were wholly claimable on the TLC policy ?
    I'm saying none occurred.

    We've defended over 1,300 status cases, the majority of which will have held some form of insurance (either TLC or a more basic level of cover). Off hand I don't know what the split is.
    Qdos Contractor - IR35 experts

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      #62
      Originally posted by Qdos Consulting View Post
      I'm saying none occurred.

      We've defended over 1,300 status cases, the majority of which will have held some form of insurance (either TLC or a more basic level of cover). Off hand I don't know what the split is.
      Same kind of numbers from Abbey as well. Which only supports my long-standing assertion that people are insuring for something that almost certainly won't happen. Comforting, but expensive...
      Blog? What blog...?

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        #63
        Originally posted by malvolio View Post
        Same kind of numbers from Abbey as well. Which only supports my long-standing assertion that people are insuring for something that almost certainly won't happen. Comforting, but expensive...
        Thanks Malovio - Does this insurance policy cover standard routing tax inspections (which are carried out at random)

        I am less worried about IR35 but much more concerned that I will be picked at random for investigation into tax affairs and have to provide lots of information - The costs of this can easily be 1000's

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          #64
          Originally posted by DeludedAussie View Post
          Thanks Malovio - Does this insurance policy cover standard routing tax inspections (which are carried out at random)

          I am less worried about IR35 but much more concerned that I will be picked at random for investigation into tax affairs and have to provide lots of information - The costs of this can easily be 1000's
          PCG Plus (£220 + VAT) covers you for any tax-related investigation, full stop, including the new business records checks. Add in freebies such as tax and legal helplines, agency default cover and jury service compensation (plus a bundle of other stuff and discounts), it really is a no-brainer.
          Blog? What blog...?

          Comment


            #65
            Originally posted by malvolio View Post
            PCG Plus (£220 + VAT) covers you for any tax-related investigation, full stop, including the new business records checks. Add in freebies such as tax and legal helplines, agency default cover and jury service compensation (plus a bundle of other stuff and discounts), it really is a no-brainer.
            Hence why I went for PCG+ earlier this year. I've been contracting for several years but never had insurance cover until recently - for the sake of £200 or so, it really is a no brainer. Regardless of IR35, you want to have professional representation for the everything else.

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