Tell me some misconceptions about UK Based Tax Barristers that you've listened to
There
are over 15,000 barristers practising law in England and Wales. Many of
these give specialist advice to represent people in their legal
disputes, including during court appearances. This is known as
‘contentious work’. Tax barristers find that being asked to advise or
litigate an area that you have no experience of, or indeed which may
never have been considered by the courts in detail before, is one of the
most satisfying parts of the job. When you work in Tax, you need to
explain complex regulations in a way non-specialists can understand.
Clear written and verbal communication is an absolute must. Offering
legal advice and representation to clients who have been mis-sold
aggressive or failed tax avoidance schemes, such as Employer Financed
Retirement Benefit schemes (EFRBs) and Disguised Remuneration Schemes.
Tax specialists have experience of advising both international and
domestic clients on the UK tax aspects of their affairs. Any
consideration of tax issues is always, and inevitably, subjective
whether those engaging in it accept that is the case or not. We all
bring our own value judgements, life experiences, prejudices, hopes and
principles to all aspects of tax.
Fascinatingly,
a barrister who is an expert on tax matters can provide advice to
self-employed consultants on disguised remuneration legislation and
third party loans including anti-avoidance provisions in Finance (No2)
Act 2017. Individuals and firms should be able to undertake legitimate
tax planning. However, where specialist advisers are deployed on unusual
and creative schemes, tax planning can be deemed to move beyond
legitimate avoidance. Seasoned tax specialists can advise on solutions
to many tax queries. Some tax barristers appear in cases in the
Employment Appeal Tribunal, the Upper Tribunal, High Court and Court of
Appeal, as well as being instructed in cases before the Court of Justice
of the European Union in Luxembourg. Any
Pensions Advice service will not reveal what he or she has been told to anyone else.
Indirect Tax Work
The
tax landscape has changed dramatically for corporate taxpayers in
recent years. Successive governments have strengthened the power of tax
authorities, arming them with increasingly onerous reporting
requirements and the new threat of criminal sanctions against companies
and their staff. The general approach to a tax enquiry should be
cooperative, not obstructive. This should facilitate the progress of the
enquiry (and the ultimate aim of persuading HMRC of non-domicile
status), and help to avoid formal information requests. Various skilled
barristers have a broad practice in commercial, revenue and public law
with particular experience in regulatory and consumer protection
matters, contractual disputes, statutory construction and proceeds of
crime. Most taxpayers just aren't motivated enough to do something about
paying less tax. And it's just not that difficult to identify
strategies or ideas that will work for you. Turnaround time for advisory
work can be as little as a few hours – if the matter is particularly
urgent. More generally, response times will be dictated by how busy any
particular barrister is, the complexity of your matter and how much
documentation there is to consider. It may also depend on whether or not
they are currently involved in other court/tribunal cases. The opinion
of a
Tax Barrister service should be sort if clarification of the finer issues are required.
Complying
with tax law can be challenging for individuals and businesses,
especially for those with interests around the world. Pensions law
experts advise UK employers, pension scheme trustees and corporate
groups on the full range of pensions law and regulatory matters. People
who cannot afford to prove that they were right or that their rights
were offended often end up paying more tax than they should, which is
not right so get in touch with a UK tax barrister. Tax barristers
frequently advise and assist with all the tax aspects of employment,
including employment status issues (employed or self-employed), PAYE and
NIC planning and EBTs (including exit strategies). Barristers give
advice to clients about how the law applies to their situation.
Barristers are normally contacted and instructed by a solicitor who
seeks specialised legal advice in a particular field, such as criminal,
family, commercial or tax law. Advisory services such as
Domicile Advice are a common sight today.
Many Different Kinds Of Client
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. A tax dispute resolution practice covers the
negotiation and settlement of disputes with revenue authorities, case
preparation and management, as well as advocacy in the tax tribunals and
higher courts. Members of Chambers regularly appear for appellants in
the VAT & Duties Tribunal (First-tier Tribunal (Tax)) including in
cases of significant value and complexity, including representation at
Upper Tribunal (Tax and Chancery chamber). Barristers are legal
professionals who are regulated by the Bar Standards Board and
represented by the Bar Council. Adept tax barristers have extensive
trial experience. Professional help by any
Inheritance Tax Advice service will provide value for money.
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. Many tax barristers have expertise in all direct
tax matters and are also experienced VAT and SDLT practitioners. HMRC
are actively enquiring into crypto businesses, traders and investors to
ensure that all individuals and businesses involved in cryptocurrency
pay their fair share. One can uncover further info appertaining to UK
Based Tax Barristers at this
entry.
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