Barrister profile for UK Bar 2021
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Tax - London (Bar)
Former solicitor valued for his strong advice to taxpayers on employment and corporate tax related issues. He is particularly respected for his deep knowledge of employee share schemes.
Strengths: "Clear in his advice, clever, commercial and highly responsive." "He has good in-depth knowledge and has a lot of experience of drafting."
Recent work: Acted in Glais House Care v Revenue & Customs, a matter concerning capital allowances and corporate tax.
This content is provided by David Pett
All direct UK taxes; employment-related securities; EMI; CSOP and SAYE options; share plans; ‘growth’ shares; JSOPs; employees’ trusts;
EOTs; employee buyouts; disguised remuneration; employment income; inheritance tax aspects of employees’ trusts; Trust law; Company law; EIS and venture capital investments; Protection of management interests on a company sale; Company reorganisations; Professional negligence claims relating to tax matters; ‘Transactions in securities’; Share buy-backs; Tax treatment of close companies; Acting as
Cases: Glais House Care Homes (2019 re capital allowances); Vermilion v HMRC (2020 re employment-related securities options);
Trained at Clifford-Turner tax dept (1980-1983); partner Pinsent Masons (from1985 – 2009) and Head of Tax (1996-2001); founding partner Pett, Franklin & Co. (2009-2017); Transferred to the Revenue Bar (Temple Tax Chambers) in 2017; Member of government advisory group on EMI options and Share Incentive Plan (1999-2000); Public Member, Network Rail (2002-2011).
Solicitor (non-practising); member of Revenue Bar Association; ESOP Centre and Share Plan Lawyers Group
“Employee Share Schemes” (2-Vol loose-leaf and online pub. Thomson Reuters); “Disguised Remuneration and the Loan Charge” (Claritax Guide 2020); “Tiley & Collison’s UK Tax Guide” 2018-19 (contributor);
Dept for BEIS : Employee ownership: company model documentation (2014); “The use of trusts with employee share schemes” (Longmans
Orchestral timpanist; Chairman of City of Birmingham Orchestral Endowment Fund; Trustee of CBSO Endowment Fund.