|
Professional Expenses Insurance |
|
PCG�s professional expenses insurance (PEI) policy covers all members and pays up to �75,000 per member per membership year, to cover professional fees relating to tax investigations covering:
- Income tax self-assessment full enquiries
- Corporation tax self-assessment full and aspect enquiries
- Employer compliance disputes in respect of PAYE, P11D and NIC
- VAT and IR35 disputes, S660A enquiries
The policy covers the fees of the appointed specialist tax consultants, but may, at the discretion of the Insurer, also include any necessary costs of your accountant. Such costs will include the gathering of necessary information to answer HMRC�s queries and representing you at a hearing with the Commissioners. It does not cover any taxes or fines levied if your appeal is unsuccessful, but you can buy such insurance cover separately (see Tax loss insurance).
Important note: The Professional Expenses Insurance has no grace period. Once your
PCG membership renewal date has passed, cover under the Professional Expenses Insurance will cease. If you then renew your membership you will not be covered
for any investigations which commenced during the interim period. For this reason it is essential that you renew your PCG membership
promptly when you receive the reminder.
�
|
Running your business 
About us
.jpg "How do freelancers choose their accountants")