Taxation Handbook

Purpose: To provide guidance to barristers in relation to taxation and retirement

Scope of application: All practising barristers

Issued by: The Remuneration Committee

Originally issued: July 2014

Last reviewed: May 2017

Status and effect: Please see the notice at end of this document. This is not "guidance" for the purposes of the BSB Handbook I6.4.

To read this document please click on the link below:

Taxation and Retirement Handbook (9th Edition)

 

HMRC support available for those having difficulty meeting their tax liabilities

Barristers may wish to be aware of the recently launched Business Payment Support Service (BPSS). This is a service introduced by the government to help self employed people and businesses who may be having difficulties in meeting their tax liabilities. It covers most taxes and duties including VAT, Corporation Tax, PAYE, National Insurance and Income Tax. Normally this will involve agreeing a "Time to Pay" arrangement which will allow payments to be spread over a number of months. The government are actively encouraging businesses to make use of this scheme where appropriate.

Further details are available from the HMRC website  or the dedicated telephone line on 0845 302 1435. If a payment plan is put in place before surcharges or penalties become due then these penalties will not apply although interest will be charged.

 

Important Notice

This document has been prepared by the Bar Council to assist barristers on matters of professional conduct and ethics. It is not "guidance" for the purposes of the BSB Handbook I6.4, and neither the BSB nor a disciplinary tribunal nor the Legal Ombudsman is bound by any views or advice expressed in it. It does not comprise - and cannot be relied on as giving - legal advice. It has been prepared in good faith, but neither the Bar Council nor any of the individuals responsible for or involved in its preparation accept any responsibility or liability for anything done in reliance on it. For fuller information as to the status and effect of this document, please refer to the professional practice and ethics section of the Bar Council's website here.