Which article, magazine, or case study have you recently read about Specialised Tax Barristers? Did you find it of benefit? How come?.
The General Council of the Bar, also called the Bar Council, is the representative body of barristers in England and Wales. It acts in matters of general concern to the profession and, through the independent Bar Standards Board, regulates the professional conduct of its members. A barrister acts as a check on the solicitor conducting the trial; if it becomes apparent that the claim or defense has not been properly conducted by the solicitor prior to trial, the barrister can (and usually has a duty to) advise the client of a separate possible claim against the solicitor. Staying legally compliant while taking advantage of all tax efficiency opportunities is complicated, time-consuming, and requires deep technical knowledge. Some UK barristers advise UK resident US settlors and/or beneficiaries of US trusts on managing their potential exposure to double taxation. They also have experience of mitigating the risk of double taxation on income from US LLCs and S Corps. Long-serving barristers can advise on commercial tax litigation. If you disagree with HMRC about how much tax you should pay, specialist tax advisers can help resolve your dispute quickly and efficiently.
Disclosures by third parties e.g. the Panama Papers and the Paradise Papers and how to manage may be matters which an qualified tax barrister may advise upon. A tax barrister who is an expert in SDLT will be able to advise you on claiming your Stamp Duty and dealing with HMRC queries. The general approach to a tax enquiry should be cooperative, not obstructive. This should facilitate the progress of the enquiry (and the ultimate aim of persuading HMRC of non-domicile status), and help to avoid formal information requests. There are no special qualifications needed to be a tax barrister. Like any other barrister, a tax practitioner has to be bright, hard-working, practical and able to absorb and analyse considerable volumes of information very quickly. Any Domicile Advice
service will not reveal what he or she has been told to anyone else.
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Tax barristers usually practise as advocates representing their clients in court. On the other hand, solicitors and lawyers tend to do the majority of their legal work in a law firm or in the office. You do not need to be good at maths to succeed as a tax barrister as cases are generally determined on points of principle. There is rarely a dispute about the amount that is due once the points of principle have been determined – and even when they do arise, they are generally matters for the accountants to resolve. Finance and insolvency is a constantly evolving market. Tax barristers are well-known for their strategic thinking and commitment to understanding the changes and reacting to clients’ needs accordingly. Some of the best tax barristers are regularly instructed to resolve matters involving broad and knotty issues that require urgent assistance. Tax barristers act for a varied client base including entrepreneurs, owner-managed businesses, large organisations, individuals, partnerships and companies, whether based in the UK or overseas. The opinion of a Tax Barrister
service should be sort if clarification of the finer issues are required.
Some tax barristers have long-standing expertise in private client matters both onshore and offshore. Many tax barristers' cases will involve litigating on issues and legislation that have never been before a court before, so you have to be able to form your own views and arguments. Expert pensions barristers can advise on contentious and non-contentious proceedings, pension scheme claims, professional negligence claims and mediations, pensions and Financial Ombudsman complaints and Regulator investigations. Some barristers work closely with clients in providing strategic advice prior to disputes arising, and advising when disputes have become formalised in contentious proceedings. If you are the client of a solicitor but they have appointed a barrister to work on your case, the barrister still has to behave in the right way towards you. Specialist assistance for Inheritance Tax Advice
should be sought whenever required.
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Some tax barristers are former solicitors valued for their strong advice to taxpayers on employment and corporate tax related issues. A tax barrister can help identify key risks, deal with tax authorities in a manner which minimises reputational and financial risk, and ensure that an individual or business is prep