Hundreds of Equity members responded to an email saying they would like to benefit from an insurance policy that paid for specialist tax consultants if their tax or VAT account were investigated.
Devised to be an extra benefit for Equity members; the cover, provided by Markel Tax, will reimburse the costs of professional representation from a Markel Tax consultant in the event of a HMRC enquiry or dispute over your accounts.
To be completed by all
Complete in addition to the General Application to cover non-Equity related business
Details the benefits and restrictions of the Equity Scheme Policy
HMRC & the acting profession
AMembers in full benefit who have applied and paid for the Insurance.
AFor a calendar year as soon as you have paid your premium.
A£65 for a sole trader; £80 for a limited company.
AYou can purchase additional cover on the following basis:
AThere are two limits of liability dependent on the type of enquiry or dispute.
1. A Limit of liability of £75,000 will apply to:
2. A Limit of liability of £2,500 will apply to:
ANo. Markel Tax’s consultants undertake the enquiry work. All the investigations specialists are ex-HMRC. If HMRC raises an enquiry, Markel Tax obtains your authority to deal with it, gets such information that may be required from you and your accountant (if there is one) and responds to HMRC accordingly.
AMarkel Tax is the largest independent tax investigations consultancy in the UK, dealing with around 500 tax investigations per year, handling in excess of 2,000 tax investigation claims and providing investigations advice to more than 5,000 accountancy practices and in total several hundred thousand members of various trade associations and federations.
AThere are two methods that you can use to apply for cover.
1. Contact Markel Tax on 0345 223 2727. Pay by card, direct debit or cheque, OR
2. Print & complete the required application form or applications from the document library.