Exactly what is buzzworthy about Expert Tax Barristers in this day and age?
Most tax barristers accept instructions in all types of matter including corporation tax, income tax, Capital Gains Tax, VAT and Stamp Duty Land Tax in the Tax Tribunal, High Court, and all appeal courts. If you disagree with HMRC about how much tax you should pay, specialist tax advisers can help resolve your dispute quickly and efficiently. Taxes that tax barristers advise on include those that you will have heard of, such as income tax, capital gains tax, corporation tax, inheritance tax, Stamp Duty Land Tax and VAT, as well as those with which you may be less familiar, such as customs and excise duty, landfill tax and diverted profits tax. The skills and experience of a tax barrister cover VAT (both domestic and European issues), customs and excise duties, stamp duties, development land tax, inheritance and business tax reliefs, and issues of residence and domicile. Some of the best tax barristers can advise on any matter involving penalties and tax assessments and will, where possible, provide you with fixed fee arrangements so that you know exactly what the costs will be to challenge HMRC. Some UK tax barristers are in high demand as conference speakers around the world and contribute regularly to periodicals and journals.
Incorporations of property businesses and partnerships, in particular securing schedule 15 relief from SDLT, is an area of expertise for a tax barrister. Barristers with experience of pensions can analyse questions of trustee liability and protection. Early legal advice helps address problems before they escalate and can prevent cases going to court unnecessarily. Expert pensions barristers provide specialist advice on all aspects of pension law, including dealing with the pension aspects of corporate disposals and acquisitions including pensions and TUPE. All professionals involved with Pensions Advice have a duty to be confidential.
Leading Tax Barristers
Experienced tax specialists are able to advise on a contested tax appeal. Barristers with a tax specialism occassionally represent the UK government (including HM Revenue Customs) and foreign governments, including those of Bermuda, Mauritius, New Zealand, Australia, Singapore and Hong Kong. Our tax system could be simple if its only purpose were to raise revenue. But it has other goals, including fairness, efficiency, and enforceability. By ensuring that the facts features and legal complexities of your case are fully and persuasively presented, tax barristers can help you achieve a successful result. Many tax barristers offer first-class advice and litigation concerning all tax issues relating to employment and service provisions. Need Tax Barrister If so, its important to employ the services of a skilled professional?
Tax barristers can take on cases exclusively concerned with taxation in jurisdictions outside the UK, such as Hong Kong, Ireland or the UK’s overseas territories. Barristers with a tax specialism work extensively with Accountants, Tax Investigation practices and former HMRC Officers to ensure all matters are handled correctly. Offshore funds and other cross-border investment funds is a matter that a British tax barrister could specialise in. Chamber members are well known and well respected by the judiciary, instructing solicitors and fellow members of the Bar as being user friendly, well prepared, thorough and skilful in both their advocacy and in respect of paperwork. The services of a barrister focused on property can include legal services in cases of reclaiming stamp duty – whether it’s making a refund claim or pursuing an adviser for negligence. Advisory services such as Inheritance Tax Advice are a common sight today.
Tax barristers can be instructed by members of the Association of Taxation Technicians without the need for a solicitor as intermediary. If HMRC suspects that you’ve underpaid tax or under-reported income, they'll initially open enquiries into returns already submitted. In many cases, their enquiries are concluded quickly through correspondence. If not, HMRC can look into your finances with a Code of Practice (COP) 8 or 9 investigation. The path to becoming a tax barrister is very challenging and competitive. Aspiring barristers can come from any degree discipline and they will need to undertake additional training and study after they leave university. Accomplished tax experts could to be innovative while avoiding expensive and time-consuming disputes with the HMRC. Overall many of the various taxes for which a UK resident is liable – with the exception of VAT – are in some way keyed to income taxes. The basic formula for this is to add up your personal income and benefits, subtract your personal allowance, and then pay the appropriate rate on the difference. Any Domicile Advice service will not reveal what he or she has been told to anyone else.
Barristers with a tax specialism work with large-scale corporate litigation in the higher courts to advisory work on complex personal tax planning. Members of chambers regularly receive instructions from solicitors and accountancy firms of all sizes (from the Magic Circle solicitors and the Big Four accountants to high street advisors), trust companies and directly from in-house professionals from a wide variety of industries. A specialist tax consultancy may work on international families – non doms and non-UK resident persons. Many tax avoidance scheme advisers claim that compensation is not available, because the client would otherwise have paid the tax, and has therefore suffered no loss. You can discover supplementary info about Expert Tax Barristers on this link.