To reduce the time and money involved in managing corporate tax compliance obligations, more than ever, companies need to implement an efficient compliance process. You'll also need to know that your chosen process is accurate and proactively managed, so that your affairs are being handled professionally. Some UK tax barristers are authorised by the Bar Standards Board to accept Direct Access work and to undertake litigation, which means that they can advise corporate or private clients directly, and deal directly with HMRC on their behalf. Buying a property can be advised upon by a tax barrister, as can situations such as taking up or leaving employment. Excepted group life trusts / policies and guaranteed minimum pensions (GMP) issues may require assistance from a pension barrister. The de-risking of defined benefit (DB) pension funds is a global trend, where many DB plans have solvency deficiencies. Pensions barristers are at the forefront of this trend, developing strategies for addressing the legal issues that arise with the various de-risking options that are available to pension plan sponsors. International tax, permanent establishments, tax treaties and withholding taxes is a matter that a barrister with a tax specialism can give advice on.



Some Chambers specialise in solutions that save entrepreneurs and private business owners’ time and money, while removing their worry and stress. Innovation in ways of collecting tax resulting in conflict and dispute appears to be a part of the history of the medieval period. It is a theme that survived the Dark Ages and is still prevalent today. Barristers often advise on the drafting of wills and in respect of lifetime dispositions to achieve tax benefits. Some of the best tax barristers have extensive experience of both direct and indirect taxes and of the related company, securities and trust laws. Advisory services such as Pensions Advice are a common sight today.

Civil And Criminal Tax Disputes

Tax exemptions, GST, Deductible gift recipient (DGR) endorsements, fringe benefits tax concessions, state/territory tax exemptions and concessions are all areas which the leading tax barristers would be able to assist in. The best tax barristers recognise the requirements of the client for sensible and robust advice and representation. Barristers will usually be instructed to give advice on the law and to speak (termed advocacy) on behalf of the client in the court hearings. However, some solicitors do their own advocacy. Most junior tax barristers have no experience at all of tax law before they start their pupillage and have only done a law undergraduate degree or GDL. UK tax barristers advise taxpayers in the following areas, which may be of particular interest to the financial community. Need Domicile Advice If so, its important to employ the services of a skilled professional?

The SDLT and CGT implications on the incorporation of small partnerships is an area where a tax barrister can offer legal opinion. Claims arising from tax warranties and the tax indemnity can be advised on by a tax barrister. Some of the leading tax barristers have appeared in the Court of Appeal, High Court, and the Tax Tribunals in both direct and indirect tax cases. They also generally have busy advisory practices and are instructed by individuals and businesses on anything from domestic SDLT issues to international tax questions. SDLT can also be an expensive problem on the purchase of UK property and is proving far more pervasive than the old Stamp Duty regime. A tax barrister can advise on your likely SDLT liability and ways to potentially mitigate this. The work of the most prominent tax barristers often involves detailed consideration of EC law and the European Convention on Human Rights. Some have advised on the fiscal laws of other jurisdictions (including Hong Kong, Singapore, Malaysia, India, Ireland and the Channel Islands). Any Tax Barrister service will not reveal what he or she has been told to anyone else.

Complex High Value Matters

Barristers that have experience in tax disputes can help with losses resulting from negligent advice. Competent tax barristers advise on release from seizure. The fortunes of a people are intimately linked to the process of consensual taxation. The UK has more pages of tax legislation than almost any other country, and there are new changes implemented every year. Voluntary compliance means complying with the tax laws based upon our interpretation of the tax law. It is this flexibility that provides the taxpayer with opportunities to plan on how to minimize their tax obligations. Specialist assistance for Inheritance Tax Advice should be sought whenever required.

Capital gains tax and exit planning is an area a tax compliance expert can assist with. Corporate tax planning, including Research and Development tax credits, capital allowances and creative tax reliefs is an area a tax compliance specialist can assist with. A pensions barrister can offer an opinion on de-risking strategies pension scheme restructuring. Uncover more particulars regarding Specialised Tax Barristers at this web page.

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