Sequencing short-term finance effectively is vital for avoiding the interest trap
01 Sep 2026For many businesses, short-term finance can provide an essential lifeline when cash flow becomes…
The cost of dealing with HMRC can escalate – no one wants an unexpected bill.
Our Tax Investigation Protection service offers peace of mind in the event of an HMRC enquiry.
For a small annual charge you are protected against the cost of our professional fees* dealing with HMRC enquiries into the following:
Galloways can offer this service because it is insured by Markel, a leading provider of Tax Investigation Insurance and therefore, in addition you also receive access to the following provided by Markel:
The helpline advises on over 250,000 queries a year and protects businesses by advising on a range of;
These provide guidance on:
* conditions apply to claims – see the Service Summary for more details.
R&D tax relief enquiry
HMRC initiated a compliance check on an R&D Tax Relief claim by a small business. After extensive correspondence, HMRC rejected the claims as non-qualifying, posing a significant financial risk to the business. Believing in a reasonable chance of success, an application for Alternative Dispute Resolution (ADR) was made. With specialist representation provided for by the tax investigations service, ADR concluded with HMRC agreeing that the projects were qualifying to the relief of the client.
The service covered representation costs exceeding £9,500.
HMRC initiated a compliance check into a taxpayer’s disposal of shares in a company, along with additional shares and securities. HMRC requested extensive documentation to support the disposal. Over the course of nine months, there was considerable correspondence between us and HMRC, during which HMRC persisted in requesting information to validate the transactions. Ultimately, HMRC concluded that everything was in order and issued a closure notice with no amendments required.
Despite no discrepancies being found, the client incurred a representation bill amounting to just under £23,000, which was fortunately covered by the tax investigations package.
HMRC instigated a full VAT inspection into a business. We worked with the client to provide a full response including reviewing records requested in advance of disclosure. We liaised with HMRC throughout and, whilst there were a few discrepancies, these were dealt with by us and the client received a clean bill of health.
The professional fees to achieve this outcome amounted to over £3,500, all covered by the tax investigations protection.
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