Carousel_Arrow Chat icon_cookie IHT_trust_wills IR35 Combined Shape 2 Group 10 Login Mobile Menu Share Share Email SubMenuMobile Group 9 VAT View_Gallery View_List capital_allow Triangle 2 Copy Close construction cyberpro employment_tax_shares emplyer_solutions entrepreneurs_corps fee_protect Group 7 grant_fund Group i_Clock i_Consult i_Done i_Eligibility_Tick i_Enter i_Filter i_HMRC i_Negative i_Play i_Plus i_Reset i_Support_Legal i_Support_TaxDesk i_Support_VAT i_Tick noun_marketing_1872083 noun_online_2126759 i_download i_meet Group Copy 24 Group 18 noun_electrical_1240755 copy noun_Technology_2125422 noun_Science_2031115 i_tick_bullet_block international_tax patent_box private_client property_sdlt r_and_d reliefs_incentives Search specialist_tax status tax_indemnity valuation YouTube
Markel Tax

27 Nov 2019

The importance of tax indemnity insurance

As we move into the self-assessment season, you may well be encountering issues with the potential treatment of specific transactions when completing clients’ returns. 
  • Does this disposal qualify for Entrepreneurs relief?
  • Is this transaction affected by TAAR?
  • Is this receipt subject to Income Tax or Capital Gains Tax?
  • Does this property business incorporation qualify for CGT relief?
With HMRC less willing than ever to help with rulings and advice, we are inevitability left in the air as to how HMRC will view certain disclosures and or tax return entries.

Subject to the detail of the particular issue, we may be able to remove uncertainty and protect the client’s tax position with a bespoke tax indemnity insurance policy.  Tax indemnity insurance will provide cover for tax, interest and penalties if HMRC successfully challenge an entry on your client’s self-assessment returns. 
There is more information available on our website at, but we often find that a short discussion can usually determine whether a particular transaction will benefit from tax indemnity insurance.

If you or any of your colleagues would like more information about tax indemnity insurance, please contact me on 07818 530056 or at
Next article in series

19 Nov 2019

IR35 in the Private Sector: Protecting 'fee payers'

Whilst we wait for the election to unfold and then hopefully a government to be formed and then early in the new year a budget, forward thinking agencies who will be fee payers in this new regime and some end clients who engage directly, are worried about the implications of getting the decision wrong.