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Expert UK Tax Barristers

  • What is one truly unique element regarding the best Tax Barristers organisations that ensures they outshine the crowd?

    Increasingly tax is a political issue too, which has led to increased levels of scrutiny and transparency, and national and international regulatory and reporting changes. It is usual for a tax barrister to be able to advise on income tax, corporation tax, capital gains tax and stamp duty. If you require specialist Stamp Duty guidance, advice or representation, contact a UK tax barrister. If you are working abroad and have any tax issues, it may be worth speaking to a UK tax barrister who can guide you in the right direction. Some specialist barristers act as lead counsel in commercial litigation and arbitration, especially where accounting, valuation and capital markets requirements are in issue. Tax professionals must be willing to embrace change. The pace of change is not slowing down—it’s speeding up. Professionals must adapt, or risk being left behind.

    Tax Barristers

    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. The SDLT and CGT implications on the incorporation of small partnerships is an area where a tax barrister can offer legal opinion. A tax dispute resolution practice covers the negotiation and settlement of disputes with revenue authorities, case preparation and management, as well as advocacy in the tax tribunals and higher courts. If you have been served with an SDLT penalty by HMRC for a commercial or residential property transaction, you may be able to appeal. As you have just 30 days to file your appeal, it is vital to instruct a barrister as soon as you receive the penalty. As you may be aware, the best Inheritance Tax Advice service can give advice in relation to their area of knowledge.

    Tax Crossover

    The world is becoming increasingly mobile, with individuals moving to and from the UK, so it is even more important to consider your residence status for UK tax purposes. The legal services most commonly provided by most barristers are advocacy and advisory services. Tax barristers understand the importance of pkeeping up with relevant, up to date tax advice and track changes in tax law and practice on a day to day basis. Tax avoidance explicitly hides the tax avoider from view, which is a key part of their attraction. It is, however, important to note that, despite current public perception to the contrary, the total loss of tax resulting from tax avoidance is substantially less than the losses that arise from tax evasion. Fascinatingly, a barrister who is a specialist on tax matters can provide advice on Statutory Residence Tests under FA 2013. All professionals involved with Domicile Advice have a duty to be confidential.

    Local and other indirect taxes is a matter that tax barristers can give counsel on. Taxation can be viewed as disproportionate, as in the case of the taxation of capital gains versus labor income, in which investors generally pay less tax on investment income vs workers who proportionally pay more on their wages. A barrister will normally be instructed by a solicitor to appear in the County Court, High Court, the Court of Appeal, the Supreme Court or the CJEU (if the matter is referred by one of these courts). However the Bar Council’s rules were relaxed in 2004 and in some circumstances barristers may be instructed directly, for advocacy, without a solicitor being involved. Chambers offers a user-friendly, personalised service that is accessible to all, providing clear, pragmatic advice, advocacy and representation of the highest standards. Instructing a barrister through the Public Access Scheme can, in some circumstances, result in savings on the cost of the preparation of your case and its passage through court without compromising the standard of service you receive. Any Tax Barrister service will not reveal what he or she has been told to anyone else.

    General Business

    Pensions specialists are experienced in advising trustees and employers in connection with complaints brought by members under scheme internal dispute resolution procedures or to the Pensions Ombudsman. The limits of acceptable tax planning is a matter which an experienced tax barrister may advise upon. Chargeable gains is a matter that a barrister specialising in capital gains tax can offer opinion on. UK tax barristers are in high demand as conference speakers around the world and contribute regularly to periodicals and journals. Some tax barristers have experience with structuring fund products, listed and private funds (including venture capital), investments by funds and financial institutions, debt investments, group restructurings, M&A transactions, real estate investments and internationally mobile employees. A Pensions Advice service will represent clients to determine the best fit for their needs.

    International exchange of information and cross-border tax enforcement is a matter that a UK tax barrister can specialise in. Although most UK tax barristers focus on UK tax, international tax is an important dimension to most tax practioners’ work, and covers double tax treaties and EU law. Tax barristers can advise individuals, trusts, partnerships and companies on how to carry out UK or offshore transactions in the most tax-efficient way. These transactions often involve the sale and purchase of companies, property and other assets, the tax efficient extraction of profits and gains, and the establishment of tax efficient asset holding or ownership structures. You can discover additional information regarding Tax Barristers on this entry.

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      July 12, 2022 3:22 AM MDT