This insurance is included within the Cardsave Community membership package and reimburses the fees incurred by Abbey Tax Protection in the event of an investigation.
HM Revenue & Customs’ clampdown on tax evasion over recent years has led to a growing number of firms and individuals turning to professional expenses insurance to cover the costs involved with tax investigations.
Over the last decade HM Revenue & Customs has got tougher on non-compliance and the introduction of self-assessment in 1996 added a “random enquiry” element. This means almost anyone now faces the prospect of investigation.
As part of our merchant service, we operate a tax investigation protection service with Abbey Tax. We believe that it is essential that all our members should be aware of the powers of the revenue authorities. In the event of a tax and VAT investigation, Cardsave Community can advise on the best possible protection and representation.
