In order to practise as a barrister you are required to have an annual Practising Certificate. This is renewed online via a process known as Authorisation to Practise which includes the payment of a fee called the Practising Certificate Fee (PCF).
The annual Authorisation to Practise process has now opened and it features a new method for calculating a barristers’ PCF.
Barristers have until 31 March 2015 to renew their practising certificates, which is a compulsory part of the Authorisation to Practise process.
From this year, a barrister’s PCF will be calculated based on their declared earnings; not the number of years since they were called to the Bar. The new system will operate within the existing ‘Barrister Connect’ portal and is designed to be as simple as possible.
There will be six rates of PCF related to income bands ranging from £100 for those whose gross earnings are less than £30,000, to £1,500 for those with gross earnings over £240,001; fees approved by the Legal Services Board (LSB) in January 2015. The same bands will apply to both the employed and the self-employed, ensuring that no-one is disadvantaged because of the way in which they practise.
Earnings during the 2013/14 financial year will be used as the basis for determining the PCF for the 2015/16 year.
As one of the leading firms of chartered accountants for barristers in the south-west and across the country, our dedicated partner-led team of accountants and taxation advisers are able to provide practical, friendly and personal advice to barristers in a very efficient, cost effective and timely manner. For more information about how Milsted Langdon can help you, please contact us.