What is tax and VAT investigation cover?
Tax and VAT investigation insurance covers the legal costs and expenses of any appeal by the insured against any terms and conditions imposed during the period of the insurance by the Inland Revenue or HM customs and Excise upon completion of an in-depth investigation into the Insured’s most recently submitted business accounts in respect of the insured’s: PAYE, business tax and VAT arrangements It is essential that the business has fully complied with the legal requirements for the maintenance of books of accounts and tax returns, has all account and tax returns within the required time limits and was VAT-registered when any alleged VAT offence occurred top
