a transparent and flexible approach to tax enquiry insurance · it takes too much time and effort...
TRANSCRIPT
A transparent and flexible approach to Tax Enquiry Insurance
More Service Than Insurance
Our Insurers We are backed by two large international insurance companies, placing schemes with either HCCI International or UK General. HCCI International Insurance Company PLC are part of Tokio Marine Holdings Inc, a premier global insurance company with a market value of approximately $30 billion. UK General are an MGA backed by Great Lakes Reinsurance (UK) SE which is a wholly owned subsidiary of the group Munich Re and has a gross written premium income of £2 billion worldwide.
Tax Enquiry Insurance 04
Marketing Support 06
Advice Line Services 08
Online Delivery Solutions 10
AddVantage 12
Contents
Here at Vantage Fee Protect, we believe in two overriding principles: simplifying Tax Enquiry Insurance by not over-complicating what we offer to practices, and being completely transparent with our clients.
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You dislike sending annual mailshots to your clients about Tax Enquiry Insurance
It takes too much time and effort to collate up-to-date client data for a mailshot
No-one has ever properly explained to you the pros and cons of covering your whole practice or just offering the cover to clients who are willing to pay for it
There are too many different price levels for numerous client category bands on your Tax Enquiry Insurance scheme
There are so many restrictions and caveats in your existing Tax Enquiry Insurance cover that you’re never sure what is covered and what isn’t
Your existing Tax Enquiry Insurance provider either does not have an online claims portal or their portal is not user-friendly
Some practices find that offering Tax Enquiry Insurance to their clients is over-complicated and the administration involved is too burdensome. Vantage Fee Protect’s approach to simplifying Tax Enquiry Insurance may appeal to you if:
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We offer full marketing support for Tax Enquiry Insurance schemes and will tailor your marketing to your practice’s requirements, helping you to maximise take up.
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A guide to marketing your scheme to help you to maximise client participation
Clear and concise marketing letter templates for you to write to clients
Explanatory leaflets, which can be personalised / tailored for larger schemes
Summaries of the benefits of cover to send to clients
In addition if you would prefer we can undertake the mailing on your behalf and / or collect the premium (paying any commission back to you).
We pride ourselves on providing clear and straightforward marketing literature for your practices. We offer:
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Practices offering Vantage Tax Enquiry Insurance schemes have unlimited access to our advice line services.
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Tax and VAT AdviceAs a Vantage client you have unlimited access to our tax and VAT advice lines.
The Vantage tax and VAT advice lines don’t just give you access to a ‘telephone adviser’ who will read from an HMRC manual. Instead you get access to a team of experienced and qualified tax consultants, who can give you the level of insight and opinion that you require, including a practical answer which is often missing from similar advice lines.
As experts, our team has been providing effective tax solutions since 1988.
HR AdviceAs a Vantage client your practice and your clients will have unlimited access to our expert HR, employment law and health & safety advice lines.
Business and Legal AdviceIn addition Vantage Fee Protect provide a legal advice line service to support your practice and your clients, answering any queries you may have. Our law firm is authorised and regulated by the Solicitors Regulation Authority.
HR Advice Lines Health & Safety Advice Lines Legal Advice Lines
Performance Management Developing HS Policy Company Law
Absence Management Risk Assessments and Audits Debt Recovery
Grievances, Mediation and Disciplinary Emergency Planning Probate
Exit Management First Aid and RIDDOR Landlord and Tenant
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We offer unique online delivery solutions for managing your Tax Enquiry Insurance scheme. These systems are designed to reduce practice administration and simplify the operation of running a scheme.
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Premium PortalOur bespoke online scheme administration tool provides an intelligent and proactive centralised system for scheme management and document retrieval.
Practices are able to hold organised records of their clients, automatically generate monthly invoices and produce scheme related documentation at the click of a button. This highly adaptable platform is available free of charge to all practices with a Vantage Tax Enquiry Insurance scheme. Our Premium Portal integrates with our Claims Portal, providing a combined platform which is a real benefit to our national clients, as it provides scheme visibility across multiple office locations.
Claims PortalOur claims portal enables you to notify, manage and view your claims at the touch of a button, making the administration of your claims easy.
Whilst our online portal allows quick and efficient administration of claims, we will still pick up the phone to talk you through the claims process and how the Policy will react. You can of course phone us if you need an immediate response. All our claims handlers have tax knowledge and the broadest claims handling authority so that you can rest assured that you are talking to someone who understands and can make a decision.
WebshopsOur unique webshops enable your clients to purchase Tax Enquiry Insurance cover directly online.
Your clients can purchase cover through the webshop whenever they wish. Vantage will collect payment and forward any practice commission to you to help reduce your practice and client administration. Policy documents are automatically generated for the client and renewals can be handled directly by Vantage, subject to your approval.
The webshop method could be the right solution for your practice.
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AddVantageWe have spent considerable time pulling together a suite of benefits that
complement your scheme and add real value. More specifically as a Vantage Fee Protect client you have access to the following benefits:
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Tolley Topical Tax Update WebinarsWorking in partnership with Tolley, Vantage Fee Protect clients (including all your employees) will have free and unlimited access to our monthly Topical Tax Update Webinars. Hosted by top tax lecturers, including Rebecca Benneyworth, these webinars will quickly bring you up to date with all the latest developments in UK tax. Indeed the lecturers liaise specifically with our own advice line consultants to ensure that matters which are regularly dealt with on the advice lines, and causing our clients problems, are covered. The webinars are CPD qualifying and come complete with course notes. The value of this addition to our service really should not be underestimated.
Quest OfficeVantage Fee Protect clients not only have access to our employment and health & safety advice lines, but also have access to Quest Office, a revolutionary new HR management software platform where you will find a range of tools to help support your HR and health & safety requirements. Included within this is six months free access to our Employee Management System, a must have employee management tool to manage employee sickness, holidays and employee records including personal information, performance, training and more. In addition Quest Office provides access to an HR, health & safety and legal document library - with access to hundreds of documents, templates, forms, guides, policies and procedures, including some useful guidance and information in respect of GDPR.
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Capital Allowances ReviewLegislation governing this area of the Taxes Acts became fully effective in April 2014, the risk of getting this wrong has potentially dire financial consequences. Our partners are able to provide your practice with a quality service that is both careful and accurate, so that all claims made to HMRC are secure. More specifically this service includes a full review of the property history, a full survey of the property including a valuation of qualifying items, a detailed report including advice on the most effective use of the tax allowances identified and finally, defence should HMRC challenge any aspect of the report. As a Vantage Fee Protect client our partners will undertake a free review of your client base in order to determine whether this service will be of benefit to any of your clients.
Insurance for ContractorsWhere you have contractor clients they will have access to further contractor insurance products and services, including Professional Indemnity, Public and Employers Liability insurances, IR35 contract reviews and a number of other business insurances, serviced via Qdos Contractor. These products can be purchased via our contractor webshop and using your exclusive discount code your clients will achieve a reduced rate on their order. As an additional benefit, Vantage Fee Protect clients get one free contract assessment for each Policy Period and access to further contract reviews at discounted rates.
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HMRC Enquiries Investigations & Powers Publication Working in conjunction with Armstrong Media, Vantage Fee Protect clients get complimentary access to the ‘HMRC Enquiries Investigations & Powers Publication’. This twice monthly e-magazine provides articles and insight into all aspects of HMRC’s powers, including commentary on HMRC’s approach to enquiry work, and useful guidance on how best to handle enquiries. With content provided by experts across the field, including Managing Editor Mark Laughlin (a high profile tax expert and author), this publication provides something for everyone at all levels of technical knowledge and experience.
Research & Development (R&D) Tax Credit ReliefThere are three separate R&D schemes in the UK – Small & Medium Enterprise scheme (SME), the large Company Scheme and Vaccine Research Relief (VRR). In addition to these schemes, R&D Capital Allowances are also available for qualifying Capital Expenditure that is recorded through the balance sheet. Despite the significant benefits available, many accountants are still not claiming the relief available, which means that many companies are still missing out. Our partners are able to give your practice expert support and guidance in respect of this extremely detailed and complex legislation.
Technical ResourceVantage Fee Protect clients have access to our technical hub and will receive regular e-mail bulletins and electronic newsletters providing topical tax articles and unique insights into HMRC’s tactics and approach to enquiries.
GDPR ComplianceWith the GDPR compliance deadline now past, it is essential that businesses are able to demonstrate compliance in the event of challenge by the Information Commissioner’s Office. As a Vantage Fee Protect client you will have access to our GDPR Compliance package where, at discounted rates, our in-house experts will help ensure that you have everything in place to demonstrate compliance with GDPR, including advice on carrying out a data audit and help producing bespoke variation of all the required documents and notices.
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