Recently I read a book about the significance of Tax Barristers and would love to share what I gleaned from the experience with you in this blog post.

A tax barrister can advise on employers' and pension scheme administrators' negligent advice, failure to advise employees or pension scheme members about pension rights and benefits and/or changes to the same. Pensions barristers can handle all kinds of pensions disputes, advising on many landmark cases and guiding their clients through complex court proceedings, investigations and Ombudsman disputes, or resolving disputes out of the public arena by alternative dispute resolution means. Without counsel plans fail, but with many advisers they succeed. Practised tax barristers regularly act for both the taxpayer and HMRC. They combine specialist tax knowledge from experience of cases in civil and criminal courts with a background of advocacy in criminal courts which brings advantages in any type of hearing. There are a lot of historic tax avoidance and mitigation schemes being litigated at present. You can work directly with a barrister who has the authorisation to accept instructions from members of the public. You can also work with a direct access barrister if you have a solicitor, provided you have discussed it with them, first.



Conducting comprehensive and carefully managed disclosure to HMRC to help assist with any criminal investigation is a matter that a tax barrister can provide counsel on. The application of scheme funding, employer and member communications as well as liaison with the Pensions Regulator where appropriate is something that a barrister focusing on pensions can assist with. Qualified tax barristers advise on court settlements. Private client lawyers increasingly have to be tax experts when advising high net worth individuals on how to structure their wealth. All professionals involved with Pensions Advice have a duty to be confidential.

Leading Tax Set

Tax and pension specialists may have experience documenting complex investment solutions, including asset backed funding arrangements and derivative investments through ISDAs. Approaches to pension fund operation may also shift with changes to a sponsor or its group, to the trustee board, to advisers or providers, or with major projects. There is a constant process of change management and just ensuring everyday compliance can be a significant challenge. Some of the top tax barristers undertake Direct Public Access work. This means that they will accept instructions directly from members of the public without the need for a solicitor to become involved. Having an independent barrister reviewing a course of action gives the client a fresh and independent opinion from an expert in the field distinct from solicitors who may maintain ongoing and long-term relationships with the client. The tax which each individual is bound to pay ought to be certain, and not arbitrary. The time of payment, the manner of payment, the quantity to be paid, ought all to be clear and plain to the contributor, and to every other person. Any Inheritance Tax Advice service will not reveal what he or she has been told to anyone else.

Highly-regarded and experienced tax specialists have unrivalled experience in putting together innovative costs arrangements. In truth most things that are said about taxation are just wrong. Professional tax barristers provide tax consultancy and assistance in criminal cases. Tax is increasingly a critical boardroom risk. Rapidly changing tax laws, wide-ranging corporate criminal offences and increasingly assertive tax authorities mean unprepared companies and executives face severe reputational and financial consequences. The expertise of tax barristers can be invaluable particularly in ensuring that transactions with no tax objective do not have disadvantageous and unintended tax consequences. Specialist assistance for Domicile Advice should be sought whenever required.

Strong Legal Team

Most tax barristers are happy to advise and assist in the structuring of bespoke arrangements, or in the development structures for wider application. They advise lenders of all sizes, including banks, bridging finance houses and P2P lenders. When legal disputes enter the Court system, barristers are retained by the solicitor in charge of the matter to appear. Due to this, barristers also command a higher fee than solicitors, but work independently as sole practitioners (not in a law firm). Barristers often work in quarters called ‘chambers’. Enforcement proceedings is a matter that a barrister can give an opinion on. 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. In order to be considered for direct access, you will need to organise all the relevant paperwork and evidence yourself and be able to explain the basics of your case to a barrister. In some cases, it may be advisable to use the Public Access Legal Support service (PALS) – a specialised paralegal resource designed for barristers and clients who work together within the framework of the public access scheme. As you may be aware, the best Tax Barrister service can give advice in relation to their area of knowledge.

Tax is a ‘financial charge’ or deduction from something you get or own, or an additional cost added to something you buy. It is not a penalty or fine for doing something wrong. Efficient tax planning can lead to significant improvements to your bottom line. IHT agricultural property relief on farms and farmhouses is an area which you would need a tax barrister specialising in Private Client, IHT and Estate Planning. Get additional info about Tax Barristers in this web page.

Related Articles:

The Value Of Specialised Tax Barristers
What Are UK Tax Barristers And Why Is This Subject Critical To You?
What Are 4 Favourable Reasons To Use Expert Tax Barristers?