A Tax Enquiry could cost your client their business...
...and cost you your client’s business
2020 Tax Protection is a partnership between 2020 and PFP to provide tax fee protection to UK professionals.
Founded by accountants for accountants, Professional Fee Protection “PFP” are a leading provider of Fee Protection Insurance. PFP have been working with thousands of accountancy practices for over 25 years providing clients with the benefit of their vast experience in Fee Protection Insurance. It has never been more important for your clients to take out fee protection with the new powers HMRC has to investigate businesses. 2020 and PFP will be your ideal partners in protecting you and your clients against the risk of an investigation.
2020 Tax Protection will provide you with:
- Expert advice – PFP were pioneers of tax fee protection in the UK and is the longest established name in the market place.
- Flexibility – we’ll help create a scheme to match the needs of your practice.
- Outstanding Cover – PFP's objective is to offer the most comprehensive cover for your clients including Compliance Visits, Pre Dispute Cover and Interventions.
- Value Added – helping you to provide an even better service and open up a significant new profit stream.
- Dedicated help – your own specialised PFP team takes care of everything you need.
- A proven track record – 3000 accountancy practices and thousands of businesses have benefited from PFP services.
Which clients?
You can choose either to cover all the clients in your practice (Group Cover) or only those who elect to subscribe (Client Decide).
Which policy?
You have two policies to choose from. They both provide the same level of premium cover and only differ in the way they are administered.
Practice Insured
This option insures your practice. You then offer your clients the opportunity to subscribe to your Tax Investigations Service which is backed by your insurance policy.
Client Insured
With this option, your clients are the insured party. Your practice needs to have its own FSA authorisation, or a relevant DPB licence if you wish to administer the scheme. Otherwise we can do it all for you.
Outstanding Cover - this includes:
- Income tax – full enquiries
- Corporation tax – full enquiries
- Aspect enquiries
- Compliance Visits
- Pre Dispute Cover
- Interventions
- Employer compliance disputes
- (PAYE, NIC, P11D and IR35)
- HMRC VAT disputes
- Schedule 36 Cover
Getting started
Fee protection from 2020 Tax Protection is very simple to set up and administer. For many practices it takes as little as a day to complete. Most handle it themselves by writing to clients offering a service or insurance, collecting subscriptions, issuing confirmation documents, and then sending us a client list. Alternatively, if you’d prefer us to handle the administration and marketing, we can take care of this too.
Your dedicated team
We allocate a dedicated team to your practice, to ensure that your scheme fully meets your needs and runs efficiently and profitably for you. Your team includes an Area Manager to provide information on the right scheme, a Client Services Administrator to set it up and answer any questions and a personal Claims Consultant to handle all your claims.
Help with marketing
Drawing on our experience of proven client communications techniques, we can provide you with templates, leaflets and sample letters - as well as guidance on ways of marketing the scheme and improving take-up.
Advice lines
Both your practice and your subscribing clients have unlimited access to our 24 hour business legal helpline covering employment law, health & safety and commercial issues.
Find out more
