Investigation Insurance

[Spacecadet]

Insurance cant be applied retrospectively you know.

As long as there are no on going investigations, the person to be insured has no reason to believe he/she is being investigated and the business as conducted so far fits in with the terms of insurance then there will be insurance to cover you retrospectively for future liabilities.

[jetrimby]

Just a warning a lot of the policies have clauses which only cover accounts and returns which have been filed on time. With Sunday solutions etc I suspect this could be a problem!
The FSB membership also includes some cover as do many trade insurances etc (so worth reading the small print) Finally most accountants are "encouraged" to offer cover for clients so you may be covered by them already, or cover could be taken AND it would the accountants you know already who would deal with the investigation not a large office 100 miles away! But remember my first point you may just be wasting yet more money. Good Luck

[Jeebo72]

Try QDOS.

+1, but PM me for my name cos they're offering £100 instead of the usual £20 for sign ups!

[centurian]

Not sure investigation insurance will be much use. As far as I can tell from the Bradbury/SS situation, from the HMRC point of view - money is owed to them. The problem is that your partnership hasn't given the cash to HMRC. Any 'investigation' is pretty much cut and dry in terms of dealing with HMRC

In any event, no insurance policy will cover you for something that you are already aware of at the time you take out the insurance - and it won't take much digging for them to find this out when you submit a claim.