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Interestingly enough, a barrister who is an expert on tax matters can provide advice on tax treatment of sale of house for residential development that includes overage provisions. Pensions barristers act in connection with a variety of disputes with a pensions aspect, including professional negligence claims against administrators and other advisers, and disputes in relation to pension fund investments. Specialised barristers have considerable commercial experience and knowledge which their clients find invaluable when formulating innovative strategies and solutions for dealing with complex tax problems. Tax barristers accept instructions from solicitors or, under Licensed Access, accountants and members of other authorised bodies. Some of barristers can also accept instructions directly from members of the public under a scheme known as Public Access. In the more than forty years I've prepared tax returns, I would agree with the idea that most taxpayers are angry over the amount of taxes they pay, but then they don't follow up with any action to change the situation. And the cycle continues. Professional tax virtuosos are able to advise in dealing with a wide range of tax issues.
Tax barristers must display the skill and clarity to make complex or arcane legal arguments accessible to lay clients, juries and the judiciary. Their style of argument must be clear and persuasive, both in court and on paper. A qualified tax barristers expertise may include VAT TOGC analysis, advice and drafting. Whether you are a representing a corporate entity, trust, charity or require personal tax advice, tax barristers can help you with the evolving nature of tax. Some barristers have experience in cases involving significant wealth including pre-marital and inherited wealth, complex businesses, pension arrangements and multiple properties. The opinion of a Pensions Advice service should be sort if clarification of the finer issues are required.
Grace Under Pressure
Some believe there should be a clampdown on enablers through the introduction of stronger laws on facilitating tax evasion and harsher penalties for those who promote such schemes. UK tax law is specifically targeted rather than purposive. This fits with the UK legal tradition and ensures that HMRC's decisions can be challenged in the courts. However, the search for legal certainty in such a system leads to ever more complex and lengthy legislation. UK tax barristers can be consistently requested to give advice upon areas such as structured finance (including cross-border transactions, corporate debt, foreign exchange and derivative transactions). The construction and interpretation of double taxation conventions is a matter which an skilled tax barrister will advise upon. Contrary to common perception, tax is not boring. Taking on Tax Barrister can help sort out your financial woes.
A tax barrister's core areas of expertise are private client IHT and CGT, VAT, employment-related taxes, corporation tax, tax penalties, and property-related taxes. Barristers are not contacted directly by the public - they are engaged by solicitors to work on a case. When you contact a solicitor for legal advice, your solicitor may recommend that a barrister be engaged to provide services. A limited number of senior barristers receive ‘silk’ – becoming Queen’s Counsel – as a mark of outstanding ability. They are normally instructed in very serious or complex cases. Most senior judges once practised as QCs. Many an accomplished barrister is known for their effective advice to taxpayers on a wide range of corporate tax issues. Readers who have not instructed tax counsel before may be discouraged from doing so due to uncertainty about how best to set about the task. Need Inheritance Tax Advice If so, its important to employ the services of a skilled professional?
Indirect Tax Work
Adept tax virtuosos are able to advise on tax analysis. Members of Chambers are often instructed as part of multi-disciplinary teams with accountants and tax advisers. Structuring a business for sole traders, corporates and partnerships is a matter that a barrister specialising in tax can give advice on. With HMRC taking an increasingly aggressive approach to compliance and enforcement, it is vital to have specialist assistance available throughout any enquiry or dispute. Tax barristers offer a complete dispute resolution service to solicitors, accountants, CTAs and other tax professionals. Capable tax virtuosos are able to advise regarding disputes with HMRC. Advisory services such as Domicile Advice are a common sight today.
Tax barristers can be familiar with the usual international jurisdictions in which offshore trusts operate and can advise and assist offshore trustees to achieve tax efficient outcomes for settlors and beneficiaries. An experienced barrister can quickly identify a regulator’s concern and then plan to best address this and can also oversee an internal investigation, acting as the ‘gatekeeper’ in the event that external organisations need to become involved. A tax barrister who is an expert in SDLT will be able to advise you on claiming your Stamp Duty and dealing with HMRC queries. Get supplementary intel relating to UK Based Tax Barristers at this entry.