Instructing leading tax barristers on behalf of clients on particularly complex and material tax positions, an increasingly common step where an additional layer of assurance is prudent.
Keeping abreast of continually evolving and complex tax legislation can be a strenuous exercise for any business, especially where the legislation is very broad and far reaching and it is not clear cut whether HMRC is likely to agree with the current position.
It is becoming increasingly common for businesses operating in a global market, affected by complex tax legislation, to rely on an additional layer of assurance from tax counsel who have extensive and thorough knowledge in the area, to ensure a tax issue has been correctly addressed. For example, various pieces of tax legislation (such as the application of the disguised investment management fee rules) may be construed differently by the tax authorities based on the nature and specific circumstances of the case, therefore where in doubt, seeking further clarity on the tax treatment is prudent.
How we can help:
- Instructing leading tax barristers on behalf of clients on particularly complex and material tax positions and guide clients through entire process.