Fee Protection All Client Scheme

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Bookkeeper All Client Fee Protection Scheme

This Fee Protection Scheme is designed to protect yours & your delegated Accountants 
 (your tax return agent)  fees and disbursements in dealing with: 
  • Corporation Tax Self Assessment Enquires
  • Income Tax Self Assessment Enquiries
  • Schedule 36 interventions and inspections
  • Business Record Checks
  • PAYE / NIC Employer Compliance Visits
  • Value Added Tax Compliance Visits
  • Status disputes
  • CIS disputes
  • National Minimum Wage enquiries
  • Inheritance Tax enquiries
  • Child Tax Credit enquiries
  • Special Civil Investigation opened under Code of Practice 8 (provided fraud is disproved)
  • The Policy offers up to £100,000 of cover per claim on a Nil Excess basis
Options Explained

Option 1     Covers your hourly rate of up to £35 GBP & your delegated Accountant (your tax return agent) for up to 50 GBP /hour
Option 2     Covers your hourly rate of up to £75 GBP & your delegated Accountant (your tax return agent)  for up to 130 GBP /hour                         

Useful Information
Marketing of your scheme is easy. Once you have decided on this route you should notify your clients that you are now implementing a fee protection scheme across your practice, detailing the risk and the many benefits associated with their enrolment. Marketing templates and documents are all available.
Features & Benefits
  • Rates are very attractive for an all Client Scheme
  • The increasing risk of enquiry from HMRC
  • 24/7 Help lines (Employment Law, HR and Health & Safety) for you and your clients
  • You have office hours access to VAT & Tax advice lines
  • You can grow your client base by 12% with no additional premium due
  • Peace of mind knowing that where ever HMRC look you will be paid
  • More people have this with their existing Accountant, you will not be in a position of being prohibitively more expensive
  • Improved client retention rates
  • Interest free DD option to spread cost
  • Full Email or Postal marketing can be undertaken on your behalf
  • Ability to decide your own profit margins

Useful Information

Click the topic below to expand the section

What is a Fee Protection Scheme

It is an insurance policy that will fully reimburse your  fees up to £100,000 if you are subject to enquiry by or dispute with HMRC.
A Solar Taxwise+ policy will enable you to
  • Deal with any correspondence from HMRC
  • Attend any meeting with HMRC
  • Appeal to the First-tier Tribunal or Upper Tribunal
  • Having the security of knowing that fees will be met in full will enable you to defend your clients position robustly
  • Premiums are Annual Net Premiums.
  • Premiums are inclusive of 12% IPT.
  • Net Premiums and IPT are due in full in advance / at commencement of scheme.
  • There is a NIL excess on all policies.
  • Our cancellation terms are pro rata returns if policy not required mid term (assuming no claim on policy)

What is Covered by the Policy

The cover provides representation costs incurred by your Accountant, for up to £75,000 in any one claim, arising from:
  • Income Tax Self Assessment aspect and or full enquiries*
  • Corporation Tax Self Assessment aspect and or full enquiries
  • H M Revenue & Customs VAT disputes
  • Employer compliance disputes PAYE/ P11D/ NIC
  • IR35 disputes
  • Now covers business's with an annual turnover of up to £10 million
  • Fees incurred by you attending meetings with H M Revenue & Customs (HMRC) or responding to correspondence from HMRC when you are subject to an HMRC check, enquiry, visit, meeting or dispute.
  • Includes professional fees incurred in respect of local review of the enquiry and preparation and representation at an appeal to a First-tier Tribunal or Upper Tribunal.
  • Cover is included for directors/partners personal returns and also applies even if you have income that does not generate from the business, there are some limitations to this income so please call for full details.

Main Exclusions

  • Pre existing enquiries or disputes
  • The defence of criminal prosecutions
  • Investigations carried out by the Serious Civil Investigations Office
  • Investigations carried out under section 60 of the VAT act 1994
  • Costs incurred without Insurer's consent