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Tax Enquiry Insurance

I am self employed and a Limited Company. I work in the Oil & Gas Industry and am the only employee in my company. I am told I need Tax Enquiry Insurance. Apparently there was something on Watchdog (I missed it) saying it was just another Insurance rip off. Can anyone advise please - I have taken it out with an Insurance company but I'm not really sure what it is. Thanks

Comments

  • Quentin
    Quentin Posts: 40,405 Forumite
    It covers you against any accountants costs you could have to pay should you be subjected to an enquiry by the revenue + customs. (And need your accountant to help you through it).
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