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Tax disputes can have serious consequences. You can face large penalty payments or even criminal charges if you don’t cooperate with HMRC investigations. It’s vital to get legal advice as soon as possible to manage these risks. People using tax barristers should provide as much supporting documentation as might be relevant (eg sets of accounts, key contracts, correspondence). Whether they are self-employed and working in chambers or employed directly by an organisation, barristers will usually specialise in a type of law such as criminal law, commercial law or tax law. If you are looking to mitigate the rate of tax when you sell or otherwise dispose of assets, or are considering the impact of getting rid of assets on other taxes, a tax barrister can guide you. UK tax barristers can address the ownership and disposal of assets, including advising on structuring corporate portfolios in the most tax-efficient way. The practice of some barristers takes in general corporate advisory work and litigation.
Merger of pension arrangements is something that a pensions specialist barrister can advise on. If you are thinking of moving between countries for more than a short-term holiday, whether to take a secondment for a few years to advance one’s career or simply to reside in a more congenial atmosphere, people typically find there is enormous benefit to taking tax advice well before arriving in the new jurisdiction. The best barristers manage to get the balance right between being technical whilst being very commercially aware. There are some adept barristers that deal with all aspects of inheritance tax planning but have particular expertise in advising US based British expats on managing their potential UK inheritance tax exposure. Advisory services such as Domicile Advice are a common sight today.
Barristers that have experience in tax disputes can help with alternative dispute resolution, including facilitation and mediation. Tax avoidance schemes are often sold without a proper risk warning that clients may be investigated by HM Revenue and Customs, and receive judicial and press scrutiny. If you have been a victim of a mis-sold tax avoidance scheme, you may be facing a lengthy tax investigation, demands to pay back-taxes with interest, potential penalties for tax evasion, and possible prosecution by HMRC. There are a lot of historic tax avoidance and mitigation schemes being litigated at present. Many tax barristers have experience in negotiating with HMRC and managing appeals against their decisions at all levels. Overseas Lawyers may instruct Barristers directly in order to provide legal advice. Members of chambers may also be instructed directly in any International Arbitration and various Court proceedings, both domestically in UK or internationally. A Inheritance Tax Advice service will represent clients to determine the best fit for their needs.
Some barristers that specialise in tax matters advise on a wide variety of domestic and cross border transactions, including corporate acquisitions and disposals, IPOs, joint ventures, corporate reorganisations and private equity transactions. 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. The technical knowledge and thoroughness of preparation and attention to detail for the top tax barristers is first-rate. You can work directly with a barrister who has the authorisation to accept instructions from members of the public. You can also work with a direct access barrister if you have a solicitor, provided you have discussed it with them, first. Advocacy skills - the ability to be an advocate for someone else and act in their best interests - is important for tax barristers. Taking on Pensions Advice can help sort out your financial woes.
On the contentious side, pension barristers advise trustees, employers and benefit consultancies on professional negligence claims, typically around errors in scheme drafting and the equalisation of normal retirement ages for men and women, and on Part 8 claims for the rectification or interpretation of scheme documents. Remuneration in the workplace is rarely straightforward and yet is high on the list of priorities of all concerned. A well-designed remuneration package is not just tax-efficient; it can motivate staff to achieve levels of performance that go far beyond the norm. A number of skilled barristers do more private client work and significant dispute resolution rather than litigation where it is appropriate. There is a wealth of complex tax issues which businesses and their owners face; particularly as a result of ever-changing tax legislation. Taxation of pension schemes, employee benefit trusts and EFRBS is an area which a tax barrister may get involved in. As you may be aware, the best Tax Barrister service can give advice in relation to their area of knowledge.
International exchange of information and cross-border tax enforcement is a matter that a British tax barrister may specialise in. A property tax barrister can supply long-standing expertise in all areas of SDLT, enabling them to advise on legitimate savings and provide an independent review of any SDLT avoidance schemes. If you need someone to have conduct of your case and be responsible for corresponding with the court and other parties, you will either need to instruct a solicitor or a barrister who can conduct litigation. Instructing a solicitor who, in turn, instructs a barrister, is the traditional route. You can discover more facts on the topic of London Tax Barristers at this web page.
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