Recently I attended a conference about the pertinence of London Based Tax Barristers and would love to share what I learned from the experience with you in this blog post.
Pensions barristers can handle all kinds of pensions disputes, advising on many landmark cases and guiding their clients through complex court proceedings, investigations and Ombudsman disputes, or resolving disputes out of the public arena by alternative dispute resolution means. Some British tax barristers have substantial experience in advising upon and conducting litigation in Professional Negligence disputes, where direct or indirect tax issues have arisen. A SDLT tax is generally a legal professionals with decades of experience in the field. There have been a number of stamp duty land tax cases coming before the First Tier Tribunal (FTT) and Upper Tier Tribunal (UTT) recently – none of which have brought much good news to those hoping that the factors which make up the grey area between what is and isn't considered residential property might be widened. Each year, HMRC undertake checks to validate the information submitted on the more than 10 million self-assessment tax returns it receives. Private Residence relief is a matter that a barrister specialising in capital gains tax can offer opinion on.
Some tax barristers offer a thoroughly modern approach to tax, delivering true specialisation in a way which adds real value to our clients’ services. UK tax barristers must not only have the ability to translate and implement complex tax legislation, but must also be able to advise on how to structure deals in a legitimate and tax-efficient way to avoid conflict with, and potential penalties imposed by, HMRC. Even accountants who make their living wrestling into submission some of the more arcane rules of HM Revenue & Customs say that the UK tax code is the longest in the world and should be simplified. This is usually when opposing yet another attempt to close a loophole they sell to their clients. Don't put off paying your tax bill, speak to a UK tax adviser who will be happy to help with any queries. Any Tax Barrister
service will not reveal what he or she has been told to anyone else.
Wider Tax Policy
Barristers usually specialise in particular areas of law such as criminal law, chancery law (estates and trusts), commercial law, entertainment law, sports law and common law; which includes family law and divorce, housing and personal injury law. Most barristers are self-employed, individual practitioners who may work as a sole practitioner or, more commonly, in groups of offices known as chambers. A barrister with a tax specialism can offer advice on the tax and non-tax aspects of a chancery or commercial case, so as to achieve the best overall solution for the client. UK tax barristers have appeared in many appeals in all tribunals and courts hearing UK tax matters from the First-tier Tribunal and the Supreme Court to the European Court of Justice. A tax barrister can advise on pension law issues relating to the main public sector pension schemes: LGPS, the NHS Pension Scheme, TPS, the Civil Service Pension schemes, USS & Police Pension schemes. Professional help by any Domicile Advice
service will provide value for money.
A barrister with expertise in real estate tax can give advice in relation to restructuring advice to non domiciliaries and non-UK trusts owning (in each case) UK real estate. When instructing tax counsel, make sure you give counsel all the relevant facts. If uncertain about relevancy, include the information. Experienced barristers may become sole practitioners and set up their own chambers. Some barristers work for government departments, or agencies such as the Crown Prosecution Service. An increasing number of barristers are employed by private and third-sector organisations. This may even include firms of solicitors. Many tax barristers are recognised as leaders in their field. A tax barrister's core areas of expertise can be private client IHT and CGT, VAT, employment-related taxes, corporation tax, tax penalties, and property-related taxes. Specialist assistance for Inheritance Tax Advice
should be sought whenever required.
Highly Respected Barristers
The tax treatment of trusts and estates, including inheritance tax and related capital gains tax, income tax and SDLT issues can be advised on by a tax barrister. Capital Gains Tax reliefs on shares is a matter that a barrister specialising in capital gains tax can offer opinion on. If you disagree with HMRC about how much tax you should pay, specialist tax advisers can help resolve your dispute quickly and efficiently. A qualified barrister will have a deep understanding of the legal sector. As tax avoidance schemes often cost a great deal of money to put in place, it tends to be wealthy people and large companies who use them, and the sums involved in each tax avoidance transaction are bigger. Taking on Pensions Advice
can help sort out your financial woes.
M&A tax barristers have a unique and thorough understanding of structuring tax for M&A which means they are able to strategically align ourselves with their clients, their business and their transactional goals. UK tax barristers could be regularly asked to advise upon topics such as structured finance (including cross-border transactions, corporate debt, foreign exchange and derivative transactions). Remuneration in the workplace is rarely straightforward and yet is high on the list of priorities of all concerned. A well-designed remuneration package is not just tax-efficient; it can motivate staff to achieve levels of performance that go far beyond the norm. You can check out further details relating to London Based Tax Barristers on this entry.
What Are UK Tax Barristers And Why Is This Subject Critical To You?
London Tax Barristers: Confronted With So Many Decisions
UK Based Tax Barristers: Making The Competent Choice