If the spending of tax by a government is for social objectives, and much of it will be in the case of a modern government, then tax has to be designed with that fact in mind. Advice and reporting on a wide range of individual and employment issues are an area of HMRC tax investigations that tax barristers can assist with. Tax professionals consider all commercial, legal, regulatory and tax aspects to ensure efficient planning and implementation, and are best placed to advise on the law, its purpose, scope and ambit and how clients can comply. Some barristers have a broad practice encompassing both litigation and investigations. A tax barrister can assist with tax compliance from the outset or on an ongoing basis with answers to queries in relation to new tax-related developments and tax policies and processes. Some barristers practices are remote chambers, providing administration and clerking services to public access barristers throughout England and Wales and can access the services of thousands of accredited barristers to provide you with expert, cost-effective legal advice and representation over a broad spectrum of law.
The experience of some barristers that specialise in tax matters spans a range of advisory and transactional tax work, advising on a variety of tax issues including: corporate sales and acquisitions, joint ventures, group restructurings, employee incentives and fund establishment. A tax barrister has significantly more experience, knowledge, and insight that someone not trained in the areas of income taxes and tax reduction. In most circumstances, a decision issued by HMRC may be appealed to the First-tier Tax Tribunal or, if the dispute raises public law issues, challenged by way of judicial review to the High Court. Some specialist barristers act as lead counsel in commercial litigation and arbitration, especially where accounting, valuation and capital markets requirements are in issue. Professional help by any Domicile Advice service will provide value for money.
CGT is a tax charge applied to the gain from the sale of something you own. It’s calculated from the gain made, the increase in value of the sale price compared to the purchase price, for an asset held for more than one year. For advice on this area of law, it is receommended to speak to a barrister skilled in this area. The tax aspects of investing in a business can be advised upon by a tax barrister, as can taking up residence in the UK, leaving the UK or returning. Some counsels are exceptional in their ability and will work closely with instructing solicitors to achieve the client’s objectives. If mistakes are made by the tax authorities there may be a need, and in some cases a duty, on the part of the client to put matters right. A competent tax barristers expertise may include the application of the wait and see and contingency principles to stamp duties arising from the acquisition of shares. Taking on Tax Barrister can help sort out your financial woes.
If a civil tax enquiry by HMRC grows into a tax investigation, then a tax professional will be able to handle this transition. You can gain advice from a tax barrister if you are about to sell your business or about to purchase one. Most legal practices prefer a pragmatic approach and favour mediation to litigation where appropriate. Some accomplished barristers produce arguments that others haven't thought of yet. A barrister who is an authority in Stamp Duty Land Tax may also be able to advise on long term tax planning. As you may be aware, the best Pensions Advice service can give advice in relation to their area of knowledge.
European Tax Law
To navigate the complexities of tax, barristers can work alongside their clients' existing teams of accountants, bankers, asset managers, trustees and family offices, devising and implementing the most robust and appropriate national and international tax strategies, legal structures and operational frameworks. Tax barristers can be instructed by members of the Insolvency Practitioners Association without the need for a solicitor as intermediary. Tax law involves contentious and non-contentious work and is a crossover service, which is associated with almost all other areas of law practice. The services of a barrister can include legal services in cases of reclaiming stamp duty – whether it’s making a refund claim or pursuing an adviser for negligence. The work of tax barristers can include advising on the recovery of input tax, indirect tax issues affecting financing structures, VAT affecting property. Need Inheritance Tax Advice If so, its important to employ the services of a skilled professional?
Tax evasion is taken extremely seriously and is often punished with severe penalties. If you're looking for advice on SDLT, get in touch with a UK tax barrister, who can provide tax advice and representation in Stamp Duty Land Tax. Some accomplished barristers are experts in corporate tax, tax schemes and residence issues, and have significant experience in VAT and private client taxation to boot. You can check out supplementary intel on the topic of Expert Tax Barristers in this link.