Nine Factors To Think About When Choosing UK Tax Barristers

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What blog, magazine, or document have you lately read about UK Tax Barristers? Did you find it beneficial? Why?.

There has been a tendency in recent years for tax law to be written broadly and to be supplemented by copious amounts of HMRC guidance. Conducting comprehensive and carefully managed disclosure to HMRC to help assist with any criminal investigation is a matter that a tax barrister can provide counsel on. The best tax barristers practise mainly in all aspects of direct and indirect tax and business rates. Practice in this area requires a thorough knowledge of other areas of the law including: company, trust, contract, land, international and conflict of laws. Some of the most established tax barristers have extensive experience of helping people to resolve matters on a civil basis, where tax fraud has been alleged by HMRC and COP9 issued. A barrister who is an expert on tax matters can provide advice on corporate restructuring and reorganisations (including s.110 Insolvency Act reconstructions, direct and indirect demergers). Tax barristers accept instructions from solicitors, accountants, tax advisers, businesses and individuals.

UK Tax Barristers

If you are concerned about a Stamp Duty Land Tax mitigation scheme, are looking for help reclaiming overpaid stamp duty, or facing an HMRC investigation, speak to a specialist tax barrister. Without counsel plans fail, but with many advisers they succeed. Tax barristers advise businesses and their owners on all aspects of tax in the UK, helping them achieve their commercial objectives in a tax efficient way. Disclosures by third parties e.g. the Panama Papers and the Paradise Papers and how to manage may be matters which an well-versed tax barrister may advise upon. Advisory services such as Inheritance Tax Advice are a common sight today.

  1. Personal Tax Matters

A barrister who is an authority in SDLT will be able to advise on the most tax efficient property plan. Tax litigation will very often raise issues of EU law, in which members of chambers also have considerable expertise. A tax barrister can help you by drafting your statement and those of your witnesses. If you are attracted by diverse and challenging legal problems, a mixed litigation and advisory practice, and having the opportunity as a junior to conduct your own cases while also working with some of the best minds in the legal profession, you should seriously consider applying to the Tax Bar. The SDLT and CGT implications on the incorporation of small partnerships is an area where a tax barrister can offer legal opinion. A Domicile Advice service will represent clients to determine the best fit for their needs.

Some barristers regularly act for institutional investors, investment managers, corporates, and financial institutions on an extensive range of transactional and advisory matters. Some barristers who are experts in SDLT will be able to advise you on guidance with commercial leases. The best things in life are free, but sooner or later the government will find a way to tax them. From marriage and children right through to divorce, retirement and ultimately death, all families encounter many life-changing events. And in nearly all of these events, there are tax consequences along the way. Tax and pension specialists may have experience documenting complex investment solutions, including asset backed funding arrangements and derivative investments through ISDAs. Any Tax Barrister service will not reveal what he or she has been told to anyone else.

  1. A Complete Legal Service

Tax barristers can assist in the areas of estate planning and advising on tax residence and domicile matters. Some tax barristers have expertise in the structuring of corporate finance, securitisation, asset finance and leasing (including finance leasing), debt and equity instruments of all kinds, repos, derivatives and FX transactions. Tax avoidance schemes are often sold without a proper risk warning that clients may be investigated by HM Revenue and Customs, and receive judicial and press scrutiny. If you have been a victim of a mis-sold tax avoidance scheme, you may be facing a lengthy tax investigation, demands to pay back-taxes with interest, potential penalties for tax evasion, and possible prosecution by HMRC. Barristers draft legal opinions. For example, a barrister might give you a legal opinion on whether or not you have a good legal case against someone with whom you have had a dispute. Practised tax barristers may act on behalf of members of the armed forces and the police and be accredited High Cost Case panel advocates. Specialist assistance for Pensions Advice should be sought whenever required.

UK tax barristers ensure that clients take advantage of legal breaks and loopholes permitted by tax legislation. Are you motivated to personally do something about overpaying your taxes? Accountants can save thousands of pounds every year in taxes because they have acquired the knowledge about how to reduce taxes. Tax issues on corporate restructures or insolvency can be advised upon by a tax barrister. Find supplementary particulars on the topic of UK Tax Barristers at this [ ] web page.

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