Specialised Tax Barristers

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Complying with tax law can be challenging for individuals and businesses, especially for those with interests around the world. UK Transfer pricing provisions is a subject that a United Kingdom tax barrister can specialise in. Tax barristers can give pre-and post transaction advice on the disguised remuneration rules, all forms of share schemes (including EMI), employee pensions and retirement schemes, cross-border employment issues, and all matters relating to the extraction of value from close companies. Specialist pensions experts may have experience of all forms of UK based pension and life assurance arrangements, advising employers, trustees, intermediaries and individuals. Many a barrister deals with HMRC enquiries and tax appeals to advising entities in relation to risk assessments for the purposes of the Criminal Finances Act 2017. Fascinatingly, a barrister who is an expert on the subject of tax can provide advice on clients tax liabilities with various departments of HMRC including under codes of practice 8 (tax avoidance) and 9 (civil investigation of fraud).



Pensions barristers can handle all kinds of pensions disputes, advising on many landmark cases and guiding their clients through complex court proceedings, investigations and Ombudsman disputes, or resolving disputes out of the public arena by alternative dispute resolution means. As tax avoidance schemes often cost a great deal of money to put in place, it tends to be wealthy people and large companies who use them, and the sums involved in each tax avoidance transaction are bigger. Fascinatingly, a barrister who is an expert on the subject of tax can provide advice on the consideration of the merits of a judicial review of the Upper Tribunal decision to refuse to hear an appeal from the First-tier Tribunal. Historically, tax litigation has been a somewhat neglected field in some countries. All professionals involved with Inheritance Tax Advice have a duty to be confidential.

Tax Disputes

Most barristers are self-employed, but work in groups in what are known as "sets" of barristers' chambers, sharing premises and support services. Pensions specialists are experienced in advising trustees and employers in connection with complaints brought by members under scheme internal dispute resolution procedures or to the Pensions Ombudsman. Tax barristers can provide guidance on indirect taxation issues such as VAT, customs planning and environmental taxes. Personal and business tax matters come together in relation to employee remuneration with issues including National Insurance Contributions. Pension law involves a lot of complicated legislation, especially if you have an international element to your business. Identifying and solving pension issues early can save your business and your pension scheme a great deal of time and money. The opinion of a Pensions Advice service should be sort if clarification of the finer issues are required.

The work of a pensions barrister includes distress and restructuring situations, changes to benefit structures, risk management - including buy-ins and longevity insurance - and mergers. The services of a tax barrister can include expert advocacy at all Tax Tribunal and Court hearings A barrister may well wish to test an expert witness' evidence in conference, to assess the strength of that evidence and perhaps to identify additional scientific literature. Tax barristers advise on corporate reorganisations and restructurings as well as commercial transactions, including domestic and cross-border mergers and acquisitions, demergers, capital raising, joint ventures, tax efficient holding company and financing structures and permanent establishment issues. Accountants and tax advisers who are members of certain professional bodies, including the ICAEW and CIOT, have licensed access to barristers. Professional help by any Tax Barrister service will provide value for money.

Practising Barristers

Barristers can specialise in a range of different areas of the law. These are known as “practice areas”. The skills and experience of a tax barrister cover the full range of direct and indirect tax, both personal and corporate. This includes income tax, corporation tax and capital gains tax. The practice of some of the foremost tax barristers spans commercial litigation/arbitration, tax, property, insolvency and company work. Digitalization, economic conditions and public policy are changing the shape of taxation worldwide. With scrutiny by tax authorities increasing, multinational entities need comprehensive understanding and fresh approaches to prevent and resolve tax disputes. Some Chambers specialise in solutions that save entrepreneurs and private business owners’ time and money, while removing their worry and stress. Specialist assistance for Domicile Advice should be sought whenever required.

Much of the work of a tax barrister involves drafting bespoke and precedent legal documentation as well as negotiating with HMRC in the settlement of tax and NIC disputes. The threat to democracy itself from those who promote flat taxation and who seek to take away the choices that tax enables within our economy must be highlighted to everyone who believes that the political process has to be based upon the right of people to choose. It is up to all of us to make sure that these mistakes are put right. 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). One can unearth more details appertaining to Specialised Tax Barristers at this article.

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