I have been seeking information regarding UK Based Tax Barristers for forever and a day and have collected what I have delved into in the text of this opinion piece.
Qualified
tax virtuosos are able to advise on the merits of a taxpayer's case.
Automatic enrolment and new pension arrangements is a matter that a
pension barrister will have experience in. Interestingly enough, a
barrister who is a specialist on the subject of tax can provide advice
on tax treatment of sale of house for residential development that
includes overage provisions. A SDLT tax barrister can assist with all
aspects of SDLT including group transactions (reorganisations and
acquisitions), LLP and partnership land transactions, higher rates of
SDLT on dwellings and the application of specific anti-avoidance rules.
In a world where some revenue teams rely on bullying and intimidation as
their modus operandi, a barrister keenly focused on tax matters is a
force to be reckoned with in determining facts, conveying an argument
and ultimately ensuring that justice is done. In some circumstances tax
barristers are able to accept instructions via Public Access.
EU
law, in particular cross-border financial and commercial transactions
including technology licencing, and corporate cross-border mergers,
demergers, acquisitions and joint ventures is a subject that a United
Kingdom tax barrister could specialise in. If HMRC has accused you of
tax evasion, tax fraud or inaccuracies in your tax affairs, and are
attacking you unfairly or unreasonably, a legal professional will defend
you fearlessly. Many tax barristers have an even mix of advisory and
litigation work and can be instructed to advise and represent in court
both taxpayers and HM Revenue and Customs. Having the right tax
barrister is not just about making sure they work in the right area of
law. A good barrister will speak to you in a way you can understand and
will make you feel that you can trust them. Need
Tax Barrister If so, its important to employ the services of a skilled professional?
Taxing Matters
An
analytical mind and a logical approach are needed by tax barristers.
Businesses, company directors, employees and relatives of company
directors who have participated in a disguised remuneration scheme (such
as an Employee Benefit Trust (“EBT”) or an Employee Financed Retirement
Benefit Schemes (“EFRBS”)) are increasingly finding themselves under
investigation by HMRC. Pensions barristers analyse and advise on the
legal aspects of the employer covenant and work with employer covenant
advisers to help sponsors and trustees get a complete picture. Tax
barristers often spend a lot of time providing advice in relation to
transactions to be entered into, as well as litigating past
transactions, be it for the taxpayer or for HMRC. If not managed
properly, HMRC enquiries can be prolonged and involve the production of
significant volumes of (potentially irrelevant) information. Taxpayers
should consider at each stage the relevance of HMRC’s requests; prepare
responses with an eye on potential litigation; and always be mindful of
their right to seek closure. Specialist assistance for
Pensions Advice should be sought whenever required.
Staying
on top of international and UK tax legislation is increasingly
complicated and time-consuming. A well-rounded tax barristers expertise
might include providing ATED advice both generally and as regards
occupation by non qualifying individuals. An enormous amount has been
written on the ideal structure of tax laws or on specific technical
problems in their design. Misfeasance proceedings brought against the
directors of trading companies is a matter that a that tax barrister can
accept instructions in. Overseas Lawyers may instruct Barristers
directly in order to provide legal advice. Members of chambers may also
be instructed directly in any International Arbitration and various
Court proceedings, both domestically in UK or internationally. Advisory
services such as
Domicile Advice are a common sight today.
International Tax Disputes
Barristers
are also called ‘counsel’ – two words for the same group of people. We
are offended by those who claim they have a right to avoid tax. That's
why there has been public outcry on tax, but it only makes sense if tax
is defined in the way I suggest it should be here. Certain UK tax
barristers can help with offshore financial centre trust and corporate,
hybrid and double taxation planning. HMRC may select a random selection
of returns for enquiry; however, HMRC have the right to open an enquiry
into any tax return and they may select taxpayers on the basis that they
suspect something to be wrong, or that there is significant tax at risk
and that their affairs are worthy of closer scrutiny. Some barristers
advise clients across various industries/sectors and in relation to the
full range of taxes whilst some specialise in a particular discipline.
Taking on
Inheritance Tax Advice can help sort out your financial woes.
UK
tax law is always changing and is more complex than ever, especially if
you have a large income, complicated international investments, or
non-domicile status. It’s easy to get things wrong and you could face
substantial fines, reputational damage, or even criminal charges if you
do. A barrister is best known for their advocacy before the Courts but
it is true to say that their strength lies in Dispute Resolution, both
judicial (before Courts or tribunals) and non-judicial (through
negotiation, mediation or arbitration). Advice to both contractors and
local authorities in relation to outsourcing and participation in the
Local Government Pension Scheme is something that a pensions specialist
barrister can do. One can unearth additional details appertaining to UK
Based Tax Barristers in this
web page.
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