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Tax barristers understand the tax issues that may affect clients at the corporate, director, shareholder and individual level. They help clients make the best use of tax efficiencies and savings through strategic advice tailored specifically to their individual requirements. Some of the foremost tax barristers have extensive experience of both direct and indirect taxes and of the related company, securities and trust laws. Highly-regarded and experienced tax specialists have unrivalled experience in putting together innovative costs arrangements. If you’ve engaged a solicitor, they’ll be able to recommend a good barrister. If you want to brief directly, but you don’t know who to brief, you can obtain guidance from barristers’ clerks. The clerks act like an agent for a large group of barristers. The clerks have familiarity with the expertise, experience and availability of each barrister. 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. The only way anyone can fully meet their clients’ needs is by building open, close and long term relationships with them.
British tax barristers are periodically required to give advice upon topics such as International and EC Tax (including the impact of double tax treaties, the EC Treaty on the availability of foreign tax credits, the utilisation of offshore losses and the taxation of foreign dividends and intellectual property income). The tax aspects of investing in a business can be advised upon by a tax barrister, as can taking up residence in the UK, leaving the UK or returning. In this age of austerity-riddled councils seeking to obtain Council Tax arrears from tenants and landlords (which can often amount to several thousand or tens of thousands of pounds) it is critical that you get the right advice in this field. Councils and Billing Authorities will and do enforce Council Tax debt through the courts including via bankruptcy orders and charging orders. Tax aspects of buying and selling properties can be advised upon by a tax barrister, as can succession planning and drafting wills. Taking on Domicile Advice can help sort out your financial woes.
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Some international tax barristers work closely with select US lawyers and advisors to provide a unique “joined up” transatlantic tax advisory and defence service. MA tax barristers are particularly adept at providing practical guidance on tax-efficient acquisition structuring, the tax position of selling shareholders, structuring of private equity transactions and pre- and post-sale restructurings. If the person sought to be taxed comes within the letter of the law he must be taxed, however great the hardship may appear to the judicial mind to be. On the other hand, if the Crown, seeking to recover the tax, cannot bring the subject within the letter of the law, the subject is free, however apparently within the spirit of the law the case might otherwise appear to be. Barristers can provide a range of services, including starting a legal proceeding in a court on behalf of their client (providing they are specially authorised by us to do so, known as being “authorised to conduct litigation”). Tax and society appear to be inextricably linked. Tax has also been integral to the development of the process of democracy. Without the demand for representation on the issue of taxation it is very unlikely that the currently preferred method of government in a great many states in the world would exist. The result is broader than the history implies, though. As you may be aware, the best Inheritance Tax Advice service can give advice in relation to their area of knowledge.
The services of a barrister specialising in tax can include drafting a notice of appeal, witness statements and skeleton argument if an appeal is necessary. 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. Some legal grey areas include taxpayer rights in exchange of information and taxpayer rights in EU cross-border collection of taxes. No one has any doubt that when we proceed to shift the taxes around so that one set of taxpayers pays a lot more taxes and somebody else pays a lot less taxes, the people who benefit from it do not remember it very long. They tend to feel that it should have been that way all the time, and the people who are paying the additional taxes resent it very bitterly. Barristers can provide a range of services, including representing people or businesses in court or tribunal or another formal setting and making their case for them. Specialist assistance for Pensions Advice should be sought whenever required.
Wider Tax Policy
When a tax barrister analyses commercial transactions, issues of contract, partnership, company and insolvency law regularly arise. eanwhile, property transactions require a detailed knowledge of land law, especially for Stamp Duty Land Tax. A barrister who is a specialist in SDLT will be able to advise on dealing with landlords. Some tax barristers have considerable expertise in all matters relating to residence and domicile of individuals, trusts and companies, including with regard to the common law, HMRC6 guidance, the UK statutory residence test and international double tax treaties. Some barristers who are experts in SDLT will be able to advise you on ensuring that you are up to date with Stamp Duty Land Tax legislations. Many tax consultants frequently advises on taxation issues in connection with divorce and family issues, on BPR and APR and on residence, remittance and domicile enquiries. The opinion of a Tax Barrister service should be sort if clarification of the finer issues are required.
Appealing penalties and surcharges for individual tax affairs are an area of HMRC tax investigations that tax barristers can assist with. Barristers can act for personal representatives and others in relation to post-death variations, and on issues such as domicile, agricultural and business property relief, and the valuation of assets. Fees for barristers are based upon the complexity and likely timeframe that a matter will take. These will be discussed with in advance so that there is total transparency at all stages. One can unearth more info regarding London Tax Barristers at this entry.
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