Selecting the ideal Expert UK Tax Barristers
for your requirements can be gruelling. With many incompatible types
available, focusing the selection can be challenging. In this matter, we
aim to help you make the right decision.
UK tax barristers can
be consistently requested to give advice upon matters 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). Tax barristers usually practise as
advocates representing their clients in court. On the other hand,
solicitors and lawyers tend to do the majority of their legal work in a
law firm or in the office. Some tax barristers who are experts in in
SDLT will be able to offer advice on mixed-up and multiple dwelling
relief. Some tax barristers offer a thoroughly modern approach to tax,
delivering true specialisation in a way which adds real value to our
clients’ services. Tax barristers practise exclusively in all aspects of
direct and indirect tax. Practice in this area requires a thorough
knowledge of other areas of the law including: company, trust, contract,
land, EU and international law and conflict of laws. The law relating
to tax can simply be unclear due to ambiguity about the detail or
application of particular measures and the language used in tax
legislation.
Transfers
of interests in property owning partnerships/LLPs and transfers of
property by a member to a partnership/LLP (and vice versa) is an area of
expertise for a tax barrister. The advice of many tax professionals is
current, clear and practical. With an increased focus by HMRC on
commercial substance in offshore activities it is important to ensure
that any tax planning is driven primarily by commercial reasons and not
by the avoidance of taxation. Highly-regarded and experienced tax
specialists advise on commercial disputes arising out of tax issues,
including claims against professional advisers in relation to negligent
tax advice and financial institutions involved in structured planning.
All professionals involved with
Inheritance Tax Advice have a duty to be confidential.
Traditional Tax Chambers
To
successfully put your client's case to a court requires a high degree
of skill. In the legal profession, this is often referred to as
‘advocacy’ and is commonly associated with Barristers. Tax
investigations into individuals are an area of HMRC tax investigations
that tax barristers can assist with. Tax barristers appear regularly
before the appellate courts, the High Court, the Pensions Ombudsman and
the Determinations Panel of the Pensions Regulator. Public interest in
supposedly aggressive tax planning has led to political pressure on tax
authorities to tackle perceived abuse and tax authorities utilise an
increasingly wide range of artillery to pursue taxpayers and to plug the
perceived "tax gap" wherever possible. Employment-related taxes and
employee benefit trusts are matters that a tax barrister can give
opinions on. Need
Pensions Advice If so, its important to employ the services of a skilled professional?
Even
where others have rights of audience, as before the First Tier or Upper
Tier Tribunals, it is much wiser for a barrister to be instructed to
appear, as it is often impossible to correct on appeal mistakes made at
first instance. Tax barristers draft correspondence on behalf of clients
to enable them to set out their position in the manner best suited to
achieving a speedy and satisfactory resolution. Professional rules
prevent them from entering into direct correspondence on their clients`
behalf. Tax does, metaphorically, represent the price we pay for living
in a democracy, and if we are to see democracy in action in our
communities we do, therefore, have to see our tax office present in the
places where we live and work. In civil tax cases, HMRC has challenged
and continues to challenge a number of alleged tax avoidance structures.
HMRC has also pursued more criminal prosecutions, both of traditional
tax offences and of activity that might historically have been regarded
as civil tax avoidance. Some tax barristers provide representation in
enforcement and penalties proceedings in relation to revenue and
financial regulatory authorities. Any
Tax Barrister service will not reveal what he or she has been told to anyone else.
Specialising In Tax Law
Some
tax barristers specialise in UK finance and corporate tax, with a
particular interest in international tax, supranational taxation and tax
policy. Their clients may include leading financial institutions and
corporates, as well as regulators, governments and industry bodies.
Having the right tax barrister is not just about making sure they work
in the right area of law. A good barrister will speak to you in a way
you can understand and will make you feel that you can trust them. Many
barristers, solicitors and lawyers are experts in corporate tax, with
wide experience in advising on the tax implications of a broad range of
transactions involving mergers and acquisitions, real estate, banking
and insolvency transactions as well as compensation payments. A tax
barrister has significantly more experience, knowledge, and insight that
someone not trained in the areas of income taxes and tax reduction.
Individual and bulk transfers and pension scams is a matter that a
pension barrister will have experience in. Advisory services such as
Domicile Advice are a common sight today.
UK
tax barristers are able to undertake tax arbitrations either as counsel
or arbitrator. Advising on the negotiation of tax treaties or
bilateral/multilateral trade agreements with a significant tax
component, and tax treaty disputes are matters that a barrister can give
an opinion on. Tax barristers can advise on a broad range of stamp tax
issues (including SDLT planning and compliance, complex development
arrangements, extraction of properties from SPV's and exchange of
properties and in particular, issues surrounding the valuation of AHA
protected tenancies). Stumble upon extra info appertaining to Expert UK
Tax Barristers in this entry.
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