Financial affairs, accounting and tax for the self-employed Bar

The Bar Council has published a Taxation Handbook entitled ‘Taxation and retirement benefits guidance’. The Handbook, now in its 8th edition, aims to provide “guidance for Barristers and Clerks to support the efficient management of their practices”.

It provides a wealth of detail, with chapters on – amongst other things – income tax, advice to pupils and barristers starting practice, chambers expenses, VAT, self-assessment, and making a will. Access the Handbook here: http://www.barcouncil.org.uk/media/301386/taxation_guidance_8th_edition__for_website_.pdf

This section of the Toolkit touches on some of the key issues we think are relevant to barristers in their early years of practice, based on the experience of YBC members.

The site is being continually updated and added to. If there are things you would like us to cover in future updates, or if you would like to comment on the material that is here, please let us know at YBC@BarCouncil.org.uk.

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