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Old 30th September 2019, 16:45   #8
Vossy
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In 25 years as self employed I was looked at only once by the taxman and that was because of a mix up over NIC payments.
The VAT man however is different 4 investigations in that time, and no amount of complaining to the VAT people was worth it.

That type of insurance isn't worth it, a good accountant will include problems in their annual fees for you, as you say you still have to find any extra tax/penalties anyway.

As my accountant used to say "always pay a bit each year, if your taking from them then they will get interested."
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