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The Pensions Regulator expects trustees to take an integrated approach to funding, investment and employer covenant risks. Pensions barristers help to navigate this increasingly sophisticated area working. Members of Chambers are often instructed as part of multi-disciplinary teams with accountants and tax advisers. Some tax barristers who are experts in SDLT will be able to advise and provide support and representation to clients who have been mis-sold SDLT avoidance schemes. Complying with tax law can be challenging for individuals and businesses, especially for those with interests around the world. Accomplished tax barristers can help to secure tax refunds. Tax barristers draft letters to HMRC to put the client’s case as persuasively as possible.

Increasingly tax is a political issue too, which has led to increased levels of scrutiny and transparency, and national and international regulatory and reporting changes. Finding a tax barrister or tax chambers is made easier by the Revenue Bar Association (RBA), which brings together details of barristers specialising in tax. Tax barristers can advise on all aspects of business tax from general advice and structuring to drafting agreements and clearance applications or disclosures to HMRC. A few British tax barristers can facilitate pre-mediation structured discussions with HMR. The opinion of a Domicile Advice service should be sort if clarification of the finer issues are required.

Professional Recommendations

Barristers that have experience in tax disputes can help with misdeclaration and other penalty appeals. The prominent tax barristers have indirect tax expertise, in particular value added taxes, across sectors – from the ever-changing financial sector, through asset finance and corporate, to not for profit and private client areas. 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. Tax barristers draft notices of appeal, witness statements and skeleton arguments if an appeal is necessary. Many barristers are now authorised to accept work from the public direct (often called Public Access or Direct Access). Taking on Tax Barrister can help sort out your financial woes.

Areas in which well-versed tax barristers have expertise include minimising tax liabilities by the use of appropriate corporate and trust arrangements and rationalising outdated complex arrangements. Litigation is not always suitable or desirable, and a tax barrister will also have experience of advising on and negotiating settlement agreements, as well as representing taxpayers in the formal ADR process with HMRC. Understanding UK inheritance tax and the statutory reliefs and exemptions available can have a big impact on one's finances. Tax authorities are collaborating globally and sharing information about taxpayers, increasingly in real time. Tax authorities will not just focus on technical merit, but also on behaviours, evidenced by governance and supporting documentation. Tax barristers can provide advice on capital allowance relief - including assisting with negotiations and procedural requirements. Any Inheritance Tax Advice service will not reveal what he or she has been told to anyone else.

Experienced Tax Advisors

Reflect the idea that tax is raised to allow spending, and not, as is actually the case, that tax is the reclamation of spending that has already happened. If HMRC suspects that you’ve underpaid tax or under-reported income, they'll initially open enquiries into returns already submitted. In many cases, their enquiries are concluded quickly through correspondence. If not, HMRC can look into your finances with a Code of Practice (COP) 8 or 9 investigation. A limited number of senior barristers receive ‘silk’ – becoming Queen’s Counsel – as a mark of outstanding ability. They are normally instructed in very serious or complex cases. Most senior judges once practised as QCs. Some United Kingdom tax barristers are able to undertake tax arbitrations either as counsel or arbitrator. Tax barristers offer heavyweight advocacy experience alongside technical knowledge and expertise, advising and representing both business and personal clients on direct and indirect taxation. Specialist assistance for Pensions Advice should be sought whenever required.

Carrying out detailed computations to calculate tax liability and advising on how to minimise a client's liability is fundamental to a tax expert. In international jurisdictions, UK barristers can also work closely and in cooperation with local counsel to address specific issues. International lawyers and clients can instruct barristers directly. The services of a tax barrister can include advising on eligibility for Multiple Dwellings Relief and enabling a conveyancer to complete the SDLT return with the claim to the reduced amount of SDLT at the time of the purchase. You can discover more info about Specialised Tax Barristers at this link.

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