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Business has changed over the years - that’s why we’re refreshing business protection to fit today’s small and medium sized enterprises.

Free business legal advice and tax guidance for your business protection clients

Easy-to-use tools and calculators for you and clients

Business Protection

Limited Company with an accountant

LV= Business Care is available as soon as your clients take out one of our Business Protection products.

Your clients can make use of the LV= Business Care helpline which offers free legal, tax and VAT advice on a number of business and commercial issues including; Health & Safety law, commercial disputes, Tax and VAT relief and current and changes to tax rules.

The case study below shows an example of how the service can benefit your business clients, with a scenario of a business beginning to sell their products in France and being unsure about the way in which VAT should be paid and accounted for. Please note that this is an example only and not based on a real company.

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Smith Textiles Ltd

Smith Textiles Ltd enter negotiations to start selling their high end window covers to a company in France. This is first time they are dispatching any of their products outside of the UK and are unsure about the way in which VAT should be paid and accounted for.

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Scenario 1

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Smith Textiles Ltd contact the LV= Business Care helpline and speak to a qualified VAT specialist.

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  1. The VAT specialist confirms the VAT rules for selling goods to other EU countries.
  2. They also confirm how this should be recorded on the VAT return and other reporting requirements.
  3. Smith Textiles Ltd are confident to proceed with selling abroad.
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Scenario 2

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Smith Textiles Ltd don't contact the LV= Business Care helpline

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  1. Smith Textiles Ltd don't feel confident selling abroad.
  2. They pay extra for a new accountant with specialist knowledge.

Background

Smith Textiles Ltd entered negotiations to start selling their high end window covers to a company in France. This was the first time they’d dispatched any of their products outside of the UK and were unsure about the way in which VAT should be paid and accounted for. Their current accountant admitted that he has limited expertise in this area and they may need to consider engaging the needs of a more experienced firm to support this area of their growth.

Business Care solution

As an LV= Business Protection policy holder, Smith Textiles Ltd contacted the LV= Business Care helpline and spoke to a qualified VAT specialist. They were able to confirm the VAT rules for selling goods to other EU countries, how this should be recorded on the VAT return and other reporting requirements.

The risk?

The guidance given by the LV= Business Care tax specialist gave Smith Textiles Ltd the confidence to proceed with selling abroad without the need of engaging with and paying a new accountant with specialist knowledge.

0800 032 3962

TextDirect: first dial 18001


Business Protection Specialist Team

Option 1 – New and current applications

Option 2 – Underwriting

Option 3 - New agency set up and login queries

Option 4 - Business Protection sales team and quotes

Options 1-3, 8.30am - 6.30pm Mon - Fri

Option 4, 9:00am - 5:00pm Mon - Fri

We may record and/or monitor calls for training and audit purposes.

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FOR UK FINANCIAL ADVISERS ONLY
LV=, County Gates, Bournemouth, BH1 2NF, UK