Tax Enquiry Protection for Locums

HMRC have got locums in their sights!

They consider locum work to be a high risk area. They focus on limited companies and carefully check compliance with the ‘off –payroll’ working rules and IR 35. They are concerned by the use of ‘Contractor Loan’ schemes by locums and will scrutinise business expense claims very carefully after tax cases such as ‘Samadian’. HMRC are now trying to assess locums for VAT.

What can I do to protect against a costly tax investigation?

As a measure of our concern about the increased frequency and cost of tax investigations we recommend insurance to meet the cost of professional fees which are incurred in any tax investigation.

If a locum GP has a tax investigation, we will deal with the matter to ensure that the outcome is as favourable as possible.

But I’ve paid all my tax, so I’ll be OK won’t I?

Even if the result of a tax investigation is that no extra tax is payable, there will be significant additional costs to meet.
Just responding to the HMRC enquiries and making available the information they may demand will cause additional work.

We therefore recommend that all our locum clients take up our tax investigation insurance.

How does the insurance work?

For an annual subscription the insurance will enable us to make sure that, if you are investigated, we can dedicate as much time as necessary to get the best result for the locum.

Once a tax investigation by HMRC is launched, we will deal with the matter from the initial enquiries right through to resolution and ensure that the outcome is as favourable as possible to you.

Protect yourself today, contact us for more details of this insurance.