Have you ever settled down to locate tips about Tax Barristers just to discover yourself staring dumbfounded at your computer monitor? I know that I have.

The government's right to claim the tax that it owns is a property right, just like any other, defining tax in this way reinforces the property right of everyone in a society and says everyone has the right to own what is really theirs. Tax barristers accept instructions from solicitors, accountants, tax advisers, businesses and individuals. Highly-regarded and experienced tax specialists have advised in many complex enquiries and confidential settlements with HMRC, including tax fraud and marketed avoidance schemes for individuals and corporates. Barristers will normally put the needs of their client first and look for client focused solutions. Self-invested personal pensions (SIPPs) and master trusts are areasthat a pension barrister will have experience in. As pensions advice stretches into all sectors, pensions barristers often apprise clients of potential risks and costs associated with those risks, working with them to arrive at practical and business related solutions to their pension issues.

Tax Barristers

The work of the leading tax barristers often involves detailed consideration of EC law and the European Convention on Human Rights. Some have advised on the fiscal laws of other jurisdictions (including Hong Kong, Singapore, Malaysia, India, Ireland and the Channel Islands). Some of the top UK tax barristers have advised governments, multinational enterprises, wealthy individuals, charities, celebrities, tax authorities and small medium and large businesses from all parts of the world on all areas of UK law and all aspects of double taxation and tax related human rights law. Tax is fundamentally about the ideas that shape the sort of society we want to live in. Tax planning for landed estates (including business property relief and agricultural property relief) is a matter that a tax barrister could advise on. Specialist assistance for Domicile Advice should be sought whenever required.

A Variety Of Tax Matters

Some UK barristers advise UK resident US settlors and/or beneficiaries of US trusts on managing their potential exposure to double taxation. They also have experience of mitigating the risk of double taxation on income from US LLCs and S Corps. A specialist tax consultancy may work with Non-UK resident persons investing in the UK. Income tax / national insurance contributions is an area which a tax barrister may get involved in. Tax barristers have extensive experience of judicial review applications, for which Chambers’ acknowledged expertise in both indirection taxation and public law is invaluable. If you are the client of a solicitor but they have appointed a barrister to work on your case, the barrister still has to behave in the right way towards you. A Tax Barrister service will represent clients to determine the best fit for their needs.

Some tax barristers have extensive experience advising individual clients and family office clients on complex private client, cross-border and trust taxation matters. Employment-related taxes and employee benefit trusts are matters that a tax barrister can give opinions on. Some tax professionals primarily advise corporate and individual clients on the tax implications of disposals and acquisitions, joint ventures and reorganisations in the energy and infrastructure sectors, the corporate recovery sector and the private equity. Defined contribution charges and governance is a matter that a pension barrister will have experience in. The litigation practice of pension specialists covers advising on non-adversarial applications to construe or rectify scheme rules as well as adversarial claims such as professional negligence actions against former pension scheme advisers. Advisory services such as Inheritance Tax Advice are a common sight today.

Increased Risk

Tax professionals must be willing to embrace change. The pace of change is not slowing down—it’s speeding up. Professionals must adapt, or risk being left behind. Regulatory investigations can be taxing experiences for businesses and their staff: there is often a lack of understanding in the approach that regulators take, in which direction their investigation is going and how best to manage interaction with them. Pensions barristers have a deep understanding of how schemes operate in practice and specialist litigation expertise and experience. The fortunes of a people are intimately linked to the process of consensual taxation. The United Kingdom has a self-assessment (SA) tax system. As part of this system, the majority of UK taxpayers settle their tax liability entirely through tax withheld at source on earnings and savings and do not need to make any further declarations. Taking on Pensions Advice can help sort out your financial woes.

Tax barristers can provide advice on day to day tax issues arising from acquisition and sale of property portfolios. The role of a barrister is to "translate and structure their client's view of events into legal arguments and to make persuasive representations which obtain the best possible result for their client." A specialist tax consultancy may work on inheritance Tax (IHT) and estate planning (including asset protection). You can discover more information on the topic of Tax Barristers at this page.

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Pub: 28 Nov 2022 09:42 UTC
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