IR35 Insurances Launched
November 20th, 2017
Larsen Howie are delighted to announce the launch of two new insurances, IR35 Tax Investigation Insurance and IR35 Tax Investigation & Liabilities Insurance. Both insurances protect contractors, freelancers and consultants against HMRC investigations, including IR35 status enquiries, by covering the professional and legal fees involved in representing the client to defend them against HMRC during their investigation, which can be opened for any reason.
The IR35 Tax Investigation & Liabilities insurance extends to provide cover for any back taxes, interest and penalties applied by HMRC if a customer is found to have worked on contracts that are deemed to be inside IR35 at the conclusion of their investigation, providing a huge level of financial protection in what is an ever changing and complex piece of legislation.
Managing Director Pete Willcocks said "In launching these two products, both of which have been specifically tailored for the exact needs of the modern contractor, they can be rest assured that the highly skilled, ex HMRC and ex private practice professionals appointed to represent them ensures they get the best possible defence in what is always a stressful and often longwinded matter. Not only that, but should HMRC be successful in their pursuit of determining a contractor to have worked inside IR35 on a contract when they have paid taxes as if they were working outside of IR35, they have the comfort of knowing we will meet the financial liability HMRC have assessed as being due".