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Friday, May 22, 2020

Debt, Debt and More Debt

The UK’s public finances lurched into the red in April as the coronavirus crisis deepened, leading to a record increase in the government’s borrowing and a rise in the ratio of its debt to national income to the highest level in 57 years.

Public sector net debt surged by £118.4bn in April to stand at £1.9tn, very close to the size of the whole economy.

Like it or not, we are going to be saddled with excessively high levels of debt for many years to come; as austerity is most certainly NOT coming back anytime soon!


Having a Solar Protect Tax Investigation Insurance policy at your disposal means that should you be one of the many 1000's of businesses or individuals that are selected by HMRC each year to look into your tax affairs your own accountant (your tax return agent) can get on and defend you robustly.

You have the peace of mind knowing that your accountant's (your tax return agent) fees will be paid by the insurance without any Excess for you to find.

Tax Investigation Insurance is an insurance policy that will fully reimburse your accountants (your tax return agent) fees up to £100,000 if you are subject to enquiry by or dispute with HMRC.

A Solar Protect policy will enable your Accountant (your tax return agent) to:
  • Deal with any correspondence from HMRC
  • Attend any meeting with HMRC
  • Appeal to the First-tier Tribunal or Upper Tribunal
  • Having the security of knowing that fees will be met in full will enable your Accountant (your tax return agent) to defend your position robustly
  • Premiums are Annual Premiums.
  • Premiums are inclusive of 12% IPT. 
  • Premiums and IPT are due in full in advance / at commencement of scheme.
  • There is a NIL excess on all policies.

Please click here for details.

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