All Important Insights Into London Tax Barristers
Secure the most appropriate London Tax Barristers for your needs with our helpful journal entry.
Barristers, solicitors, chartered tax advisors, chartered accountants and chartered certified accountants all provide tax advice, that is to say advice to a taxpayer on what the tax laws say and how they may respond to H M Revenue and Customs enquiries or other potential disputes with the Revenue. Members of Chambers act for taxpayers as well as for the government, appearing in the First-tier Tribunal (Tax Chamber), Upper Tribunal (Tax and Chancery Chamber) and the higher Courts in cases concerning taxation. The demands on pension trustees, scheme secretaries, pension managers and other pension professionals (whether trustee or sponsor-side) are increasing, with more complex legislative requirements and greater regulatory focus across defined benefit and defined contribution pension funds. A barrister with expertise in real estate tax can give advice in relation to property-related securitisations and structured financing. In addition to a detailed knowledge of tax law and practice, many tax barristers have a broad and detailed understanding of the general law (and in particular the law of trusts, contracts, restitution, companies, partnerships and insolvency) on which many of the important tax questions turn. Accomplished barristers are a trusted source of advice and representation. Tax barristers litigate and advise in a wide variety of matters and disputes in which tax issues arise. The tax advice of some barristers is described as elegant, powerful, understated and cutting edge. Challenging confiscation proceedings is a matter that a tax barrister can provide counsel on. Barristers that have experience in tax disputes can help with judicial reviews. The opinion of a Pensions Advice service should be sort if clarification of the finer issues are required.
VAT Advice
SDLT on leases and lease extensions including sale and leaseback transactions is an area of expertise for a tax barrister. Non-domiciled individuals can potentially enjoy favourable tax treatment through the remittance basis of taxation. Careful planning is essential to ensure that a remittance of funds to the UK is as tax efficient as possible. Interestingly enough, a barrister who is an expert on the subject of tax can provide advice in respect of SDLT, income tax, capital gains tax and VAT involving the development of residential property in to flats. There is a lot of pure tax law that a tax barrister deals with, which takes time to learn. Knowledge of this, and an ability to use that knowledge to find solutions, is one of the things that makes a tax barrister effective. Some tax barristers can anticipate consequential points in a case. Any Inheritance Tax Advice service will not reveal what he or she has been told to anyone else. Tax authorities are collaborating globally and sharing information about taxpayers, increasingly in real time. Tax authorities will not just focus on technical merit, but also on behaviours, evidenced by governance and supporting documentation. Advance planning is key to ensure that expanding in the form of overseas subsidiaries does not trigger unwanted tax consequences. A practised tax barristers expertise may include the application of the wait and see and contingency principles to stamp duties arising from the acquisition of shares. Some barristers that specialise in the matter of tax have significant experience advising on tax issues relating to real estate investment in office and large scale residential and student portfolios (including capital allowances, VAT and stamp duty land tax). A tax barrister can advise on pension disputes and appeals concerning access to ill-health retirement benefits. Specialist assistance for Tax Barrister should be sought whenever required.
In-depth Analytical Expertise
A strong academic ability and commercial and legal awareness are needed by tax barristers. 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. Many tax professionals have worked in multiple jurisdictions and some sit on OECD, EU and regional committees and have been involved in defending clients before national courts and the EU Court of Justice on the scope of application of international tax principles. Professional clients who do not specialise in litigation can use tax barristers to minimise the overall cost of resolving the dispute. A handful of skilled barristers have considerable experience in complex commercial litigation involving expert evidence across multiple disciplines, drawing upon their specific backgrounds. A Domicile Advice service will represent clients to determine the best fit for their needs. Some UK tax barristers deal with investigations or litigation resulting from prosecution by Her Majesty's Revenue & Customs (HMRC, sometimes referred to as 'the Revenue'). Disclosure of tax affairs are an area of HMRC tax investigations that tax barristers can assist with. Tax policy has to change in response to changing circumstances. It is important that business has early warning of policy changes, except in cases where the tax base is at risk. Find additional particulars on the topic of London Tax Barristers at this link.