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The clerk at the barrister’s chambers is generally the first point of contact when seeking assistance from tax counsel. Those seeking to instruct tax counsel for the first time may be unsure whether there are any procedures for contacting clerks. Permanent establishments are matters that tax barristers can accept instructions in. A tax barrister can advise on pension disputes concerning the interpretation of pension scheme rules Businesses, company directors, employees and relatives of company directors who have participated in a disguised remuneration scheme (such as an Employee Benefit Trust (“EBT”) or an Employee Financed Retirement Benefit Schemes (“EFRBS”)) are increasingly finding themselves under investigation by HMRC. Some of the foremost tax barristers specialise in all areas of tax, including residence & domicile, IHT, CGT, SDLT, VAT, IT and employee taxation. It is no longer a requirement that a junior be instructed with a QC. However, it will often be advantageous to instruct a junior, particularly in complicated matters.
Barristers specialise in one or more areas of law and offer a high degree of knowledge, skill and expertise in their fields of practice. 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. Taxation of private trusts (including offshore/non-domiciliary aspects), charities and foundations is an area which a tax barrister may get involved in. Buying a property can be advised upon by a tax barrister, as can situations such as taking up or leaving employment. All professionals involved with Pensions Advice have a duty to be confidential.
Tax barristers offer support and guidance in reclaiming overpaid SDLT from HMRC, as well as managing all correspondence in HMRC investigations for SDLT evasion and avoidance, and processing appeals against HMRC. Taxation literally counterbalances government spending by reclaiming all or part of it from the economy. But what it never does is pay for the spending in the first place because any government can spend without tax. Start by contacting a chambers clerk, obtain advice if necessary on the most suitable tax counsel based on the particular circumstances, and seek to agree a fee in advance for the work to be undertaken. The law should work for everyone. So far as individual taxpayers are concerned, there is no evidence that the appetite of high-net-worth individuals for tax avoidance has diminished, even though anti-avoidance legislation has closed down many opportunities. This remains a cause for concern by HMRC. Advisory services such as Domicile Advice are a common sight today.
If you have a tax plan, you should review your plan annually to measure your progress. A tax plan should identify your strategies, when you plan to implement the strategies, and what is the tax reduction you expect to achieve over the next year. Barristers can provide a range of services, including starting a legal proceeding in a court on behalf of their client (providing they are specially authorised by us to do so, known as being “authorised to conduct litigation”). Some of the most established tax barristers have extensive experience of helping people to resolve matters on a civil basis, where tax fraud has been alleged by HMRC and COP9 issued. Get more information regarding London Based Tax Barristers in this web page.