If you’ve spent any time delving into London Based Tax Barristers in the last few weeks, you’ve no doubt noticed how perplexing it can be.
A
qualified barrister will have a deep understanding of the legal sector.
Seasoned tax barristers have dealt with many disputes in relation to
all taxes, including income tax, corporation tax, inheritance tax and
VAT, as well as excise duties and assessments. Pensions specialists act
for a range of clients which can include local authorities, NHS
employers, housing associations, the police, charities, fire authorities
and education bodies. Self-invested personal pensions (SIPPs) and
master trusts are areasthat a pension barrister will have experience in.
Some tax barristers have considerable expertise in all matters relating
to residence and domicile of individuals, trusts and companies,
including with regard to the common law, HMRC6 guidance, the UK
statutory residence test and international double tax treaties.
Barristers can receive instructions directly from foreign lawyers based
outside the UK.
Tax
barristers receive instructions from a wide range of clients, including
UK and international law firms, in-house legal departments and overseas
lawyers. Members of chambers accept work directly under the Licensed
and Public Access rules from professional organisations and corporate
clients. What does it take to be a tax barrister? You certainly don’t
need a background in tax to secure pupillage at a tax chambers. In a
world where some revenue teams rely on bullying and intimidation as
their modus operandi, a barrister keenly focused on tax matters is a
force to be reckoned with in determining facts, conveying an argument
and ultimately ensuring that justice is done. Specialist expertise in
all areas of tax and revenue law is provided by a tax barrister. A
Inheritance Tax Advice service will represent clients to determine the best fit for their needs.
Tax Investigations
The
advisory side of a tax barrister's practice can include giving opinion
on the taxation of alternative investment funds, including private
equity funds, hedge funds and property investment funds. Barristers
require a high level of intellectual ability and must be fluent in
written and spoken English. They need to think and communicate well
under pressure, have stamina and emotional strength. They must marshal
and analyse large amounts of information, apply the law to the facts,
present legal arguments persuasively in court, and more. A barrister who
is an authority in SDLT will be able to advise on any litigation and
tax investigations, which will need to be handled surefootedly and
sensitively. Foreign property barristers advise on all UK legal and tax
consequences of purchasing and selling or inheriting overseas
properties, particularly properties across Europe and the US. This
includes structuring the ownership, cross border estates planning and
property transfers on divorce. Many barristers are introduced to tax law
at university and continue to build a strong practice in both
contentious and advisory work. Professional help by any
Pensions Advice service will provide value for money.
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. A barrister with a tax specialism can offer expert advice on tax
issues in non-contentious cases including tax aspects of commercial
transactions. During a tax investigation, a tax barrister may explain
the investigative process and advise on how long it is likely to last.
Given the abundance of taxation law and the speed at which it evolves,
it can be difficult to stay on top of the latest developments. Many
barristers provide counsel and case management for anyone facing
investigation or litigation for financial crime cases, including money
laundering, Income Tax fraud, Unexplained Wealth Orders, Payroll Fraud
and Proceeds of Crime Act. Any
Domicile Advice service will not reveal what he or she has been told to anyone else.
Practising Barristers
Tax
can be used for law enforcement, including the police and courts,
infrastructure, like roads and pathways and administration. Some
Chambers are well placed to assist international clients with a wide
range of legal services. They may have barristers and professional
associates, qualified to deal with matters under English law as well as
the law of other jurisdictions including Dubai, Abu Dhabi, Qatar,
Kingdom of Saudi Arabia (KSA), New York, India, Australia, New Zealand
and British Virgin Islands (BVI). Every individual must have a domicile,
albeit this may change during their lifetime and this is usually what
they consider to be their permanent home. It is a concept of general
international law and these rules apply for tax purposes. Tax barristers
offer heavyweight advocacy experience alongside technical knowledge and
expertise, advising and representing both business and personal clients
on direct and indirect taxation. Essentially tax barristers do three
things: appear in court to represent others, give specialised legal
advice in person or in writing and draft court documents. Need
Tax Barrister If so, its important to employ the services of a skilled professional?
De-registration
of VAT, zero-rating, reliefs, place of supply, fraud (including
“Knowledge/means of knowledge” appeals) and invalid invoices are all
areas that tax barristers can accept instructions on. Intriguingly, a
barrister who is an expert on tax matters can provide advice on
Statutory Residence Tests under FA 2013. Some of the top UK tax
barristers have advised governments, multinational enterprises, wealthy
individuals, charities, celebrities, tax authorities and small medium
and large businesses from all parts of the world on all areas of UK law
and all aspects of double taxation and tax related human rights law. You
can discover additional information relating to London Based Tax
Barristers at this
web page.
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