Tax & Barristers - An Introduction for Professional Advisors

Introduction

Whilst barristers are subject to the general self-employed rules as other self-employed taxpayers, they have a unique ‘chambers’ system and there are several important idiosyncrasies unique to their profession.

This introductory level live broadcast session will guide you through the essential issues.

What You Will Learn

This live and interactive session will cover the following:

• The set up of a barristers chambers and how barristers do business
• The current basis of taxation for the self-employed and a brief run through of the historic basis of taxation for barristers
• Change of basis period implications for barristers
• Making Tax Digital and barristers
• Conditional fee arrangements and bad debts
• Allowable expenditure - the basic principles and how they apply to barristers and barrister’s specific expenditure
• VAT for barristers

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.