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When it comes to providing solutions to complex tax problems, tax and pensions barristers are leaders in their field. An analytical mind and a logical approach are needed by tax barristers. UK tax barristers undertake work in the personal, estate, partnership and corporate fields, including offshore companies and trusts, pensions, employee share schemes, corporate mergers, acquisitions and flotations. We also undertake all related drafting whenever required. 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. Tax barristers can assess your tax matter, gather all relevant documents needed for your tax matter, complete all paperwork, review your entire matter before responding either to HMRC or the Tribunal and/or Court, manage the entire Litigation process and communicate with HMRC, the Tribunal and/or Court until they have reached a decision. You may consider briefing a tax barrister to provide advice on high-risk or high-value matters, or when you have limited time to answer a complex question. In those situations, it’s prudent to obtain specialist advice to ensure you fulfill your duties. A barrister’s expertise and objectivity will provide you with confidence as to the best approach in the circumstances.
A successful barrister is very balanced in their views and is someone who listens to and engages with those that instruct him. Pensions specialists aim to provide advice across a range of pensions-related issues in a straightforward and easily understandable manner, avoiding the use of pensions 'jargon' wherever possible. Tax barristers can provide advice on structuring acquisitions and disposals tax efficiently. A tax barrister can advise on employers' and pension scheme administrators' negligent advice, failure to advise employees or pension scheme members about pension rights and benefits and/or changes to the same. A Tax Barrister service will represent clients to determine the best fit for their needs.
Well Known In The Tax Sector
Corporate tax planning, including Research and Development tax credits, capital allowances and creative tax reliefs is an area a tax compliance expert can assist with. Many barristers, solicitors and lawyers advise high net worth individuals, hedge funds, banks, and owner managed businesses, and deal successfully with HM Revenue & Customs enquiries. Some barristers have a wealth of experience handling a wide variety of cases in all courts from the ECJ to the VAT Tribunal, both for taxpayers and for HMRC. Overall many of the various taxes for which a UK resident is liable – with the exception of VAT – are in some way keyed to income taxes. The basic formula for this is to add up your personal income and benefits, subtract your personal allowance, and then pay the appropriate rate on the difference. Many barristers provide legal services for clients facing tax investigations and penalties under the General Anti Abuse Rule (GAAR). This includes guidance and representation on penalties, ‘enabler’ penalties and other tax arrangements which might result in fines or litigation. Any Domicile Advice service will not reveal what he or she has been told to anyone else.
Tax barristers are experienced VAT and tax specialists who have a proven track record in challenging HMRC Officers, solicitors and Debt Management Units on behalf of businesses and individuals. Tax avoidance is hidden from view in a number of ways, but one of the most common remains the use of offshore structures including companies and trusts. As specialist legal advisers and advocates, tax barristers are trained to make the crucial difference in the outcome of a case. Seeking advice and input early can often save clients the cost and worry of an unnecessary trial or a lengthy legal battle. The services of tax specialists range from personal wealth management, UK and international tax planning and asset protection to advising family offices, family businesses and fiduciaries on their clients’ diverse issues. Being a tax barrister is an intellectually rigorous, rather cloistered area of law and is ideally suited to the more academic practitioner. Professional help by any Inheritance Tax Advice service will provide value for money.
UK Taxes
Experienced tax specialists can advise on any tax dispute. Much of a pension specialist's work can involve claims against accountants, actuaries, auditors, directors, financial advisers, financial institutions, insurance brokers, lawyers, pension consultants and tax advisers often following on from corporate collapse, lender losses, increased pension scheme liabilities or failed tax and investment schemes. Expert pensions barristers can advise on unaffordable pension debt insolvency-related restructurings and apportionments. Clients who are asset rich but have limited cash will often struggle to make the best possible provisions for their retirement. Using specialised and HMRC-recognised offshore vehicles, the limits of UK pension schemes need no longer frustrate the long-term plans and economic security of such clients. Barristers focused on tax work with large-scale corporate litigation in the higher courts to advisory work on complex personal tax planning. Members of chambers regularly receive instructions from solicitors and accountancy firms of all sizes (from the Magic Circle solicitors and the Big Four accountants to high street advisors), trust companies and directly from in-house professionals from a wide variety of industries. Advisory services such as Pensions Advice are a common sight today.
Many barristers are self-employed but belong to organisations called chambers, which are offices that solicitors and other people go to with details of the case they are working on which need support from a barrister. The chambers will then make sure that one of their barristers starts working on the case. For many, pension schemes remain unpopular, with taxpayers commonly citing the limited level of return compared with other investment opportunities, such as property, as well as undesirable restrictions on the use of the money and the timing and form of the benefits. Instruct an experienced tax barrister without also instructing a solicitor or accountant. Stumble upon supplementary intel about UK Based Tax Barristers in this entry.
