Freelancer Tax Protection Insurance

All Freelance Contractors running their own business, need to be fully aware of the impact of IR35, MSC and Section 660 Legislation. HMRC however, may question and conduct an investigation into your employment status, which can be a time consuming and costly business.

The majority of IR35 enquiries start with a PAYE compliance visit from HMRC, or an enquiry into a tax return, these enquires could possibly end up at a Commissioners’ Hearing. For this reason Freelancer Tax Protection is an option for all freelancers, which affords total peace of mind in the event of a PAYE compliance visit or enquiry.

Your case would be handled by a tax specialist and fees that you would otherwise have to pay for representation would be covered under this type of policy.

This insurance is run on a ‘claims made’ basis. This means that you renew the policy annually and will be covered if you have the insurance in place when you receive notification of an enquiry. Retrospective tax years are insured.

Freelancer Tax Protection typically includes:

1. Representation and attendance in the event of a PAYE compliance review

2. Insurance of fees up to a preset limit, incurred representing you in defense of:

IR35 dispute
PAYE/NIC dispute
VAT dispute
HM Revenue & Customs aspect enquiry
HM Revenue & Customs full enquiry
Section 660A dispute
Representation at Commissioners’ Hearing if required.

You can get expert advice on all elements of Freelancer Tax Protection Insurance by contacting (JavaScript must be enabled to view this email address)

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