Tax Investigation Protection Policy

Anyone who submits a personal tax return or business accounts to HMRC is at risk of a tax enquiry or investigation. Thousands of individuals and businesses are selected for such checks every year. HMRC uses sophisticated technology and intelligence to target certain people but will also carry out random checks to be able to meet targets. This means that not everyone who is investigated has done something wrong or unlawful but will still be obliged to provide HMRC with information and evidence as requested.

If you are concerned about being able to afford the professional costs of expert support throughout an investigation then tax investigation fee protection may be a suitable option for you to consider to ensure you are covered for such an eventuality.

Please note that we are only able to provide this service if you are a client for whom we provide personal or business tax services. We are unable to provide HMRC tax investigation support as an independent stand-alone service.

Ridgefield Consulting is based in Oxford and we are conveniently located to serve those in Wantage, Wheatley, Didcot and surrounding Oxfordshire areas. However, we do have full capability to serve clients further afield and regularly visit clients in locations such as London, Birmingham, and the Cotswolds.

We have a strong client base of business owners, either as sole-traders or limited company directors, with businesses of all sizes and from different industries, but we do in particular have specialist expertise in supporting high-innovation start-ups. We also have a wealth of experience of working with landlords, academics, and high-net worth individuals.

We do welcome clients from different backgrounds and always offer a consultation free  so that we can introduce ourselves, find out more about you, and give you a chance to see if we would be a good fit for your needs.

Unlike other policies such as car insurance, tax investigation fee protection is not a legal requirement. However, investing in such cover can:

• Remove the significant worry of cost during a stressful time
• Guarantee instant access to support from your accountant
• Keep you informed and provide clarification as your accountant will explain and manage responses to all HMRC communications

The cost of cover is dependent on your income status from the following options:

• Private individual – £37.00 *
• Sole trader – £64.00
• Partnership – £150.00 **
• Limited company director – £150.00 **

* Where you receive rental income in excess of £50,000 per year you will need to upgrade your cover to sole trader level.

** Partnership and limited company director will cover the costs for business account investigations as well as personal tax investigations.