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Denise Coates, who fronts the British gambling empire Bet365, paid the highest tax bill in 2019, according to the The Times Tax Payers list. Stephen Rubin owner of JD Sports was second on the list and in third place James Dyson.Denise Coates and her family reportedly paid £276m with Stephen Rubin paying £143.9m and James Dyson £103m.
Combined Taxation
The tax list is complied by combining corporation tax, dividend tax, income tax, capital gains and payroll taxes for the period between taxation year 2018-2019. All information is carefully calculated from publicly available documentation.JK Rowling reached the top 50 in the list, the Harry Potter creator paid an estimated £47m in combined taxes including income tax, national insurance through self-assessment through royalties of £100m, plus £1.6m taxes from her business Pottermore.
” The country’s most impressive self-made woman”
The Times described Denise Coates as “ the country’s most impressive self-made woman”, has herself paid personal income tax and national insurance amounting to an estimated £130m of her £276.6m income.Further sums of £113.2m were paid in corporation and payroll taxes with an estimated £32.8m paid on dividends.Bet365 remains based in Stoke within the UK, instead of opting to locate to a ‘tax payers haven’ where many have chosen to relocate to avoid huge UK taxation bills. Brits are often called out for tax avoidance choosing tax havens including the Caribbean and Monaco, the list proves that Brits do in fact contribute tens of Millions of pounds a year to public funds in the UK.