Fund giants & vacuum makers: the UK's 20 highest taxpayers

Amid an ongoing row over the super rich and their earnings, The Sunday Times has produced a list of the 20 people who pay the most tax in the UK

There is an ongoing row in the UK regarding the contribution made by the rich and the super-rich to the exchequer's coffers. 

Last week, this was given a fresh boost by the news billionaire businessman and prominent Brexiteer James Dyson intended to move his company's HQ abroad to Singapore. The company had originally switched its production line from Wiltshire to Malaysia in 2002.

With most recent company results showing an underlying profit of £801 million, it will surprise nobody to learn Dyson personally pays a large amount of tax. 

In this list of top UK taxpayers compiled by The Sunday Times, Dyson appears alongside some other top British brands, and familiar faces from the world of business. The newspaper has made these estimates of tax due on business profits, share sales, dividends, house purchases and personal income. 

Click on to read more. 

There is an ongoing row in the UK regarding the contribution made by the rich and the super-rich to the exchequer's coffers. 

Last week, this was given a fresh boost by the news billionaire businessman and prominent Brexiteer James Dyson intended to move his company's HQ abroad to Singapore. The company had originally switched its production line from Wiltshire to Malaysia in 2002.

With most recent company results showing an underlying profit of £801 million, it will surprise nobody to learn Dyson personally pays a large amount of tax. 

In this list of top UK taxpayers compiled by The Sunday Times, Dyson appears alongside some other top British brands, and familiar faces from the world of business. The newspaper has made these estimates of tax due on business profits, share sales, dividends, house purchases and personal income. 

Click on to read more. 

Names: Stephen Rubin and family

Business: Rubin is a majority stakeholder in sports chain JD Sports, and owner of Pentland Group, which manufactures popular sports brands like Speedo and Ellesse. 

Tax estimate: £181.6 million. 

Names: Denise, John and Peter Coates

Business: The trio are owners of gambling giant Bet365. Last year Coates' (pictured) income led her to become the UK's best paid chief executive. 

Tax estimate: £156 million.

You can read last year's list of best paid chief executives here. 

Name: James Dyson and family

Business: Dyson (pictured) is the face of the modern vacuum cleaner, and his aforementioned efforts mean the company manufactures more than 80,000 products per day.

And not just hoovers either. The brand has made recent leaps into hand-dryers, dehumidifiers and desktop fans. Dyson also reportedly owns more land than the Queen. 

Tax estimate: £127.8 million.

Names: Bruno Schroder and family

Business: Bruno Schroder (pictured) will be familiar to all our readers as an investment management giant and great-great grandson of Henry Schroder who co-founded Schroders. You may not be aware he is also a significant landholder in Scotland. 

Tax estimate: £114.3 million.

Names: Jim Ratcliffe

Business: Ratcliffe is the owner of chemical company Ineos, and was number one on The Sunday Times' rich list in 2018. 

Tax estimate: £110.5 million. 

Check out the 2018 rich list here. 

Name: The Weston family

Business: The Weston family own top high-street brands including Selfridges, Primark, Ryvita, Silver Spoon, Ovaltine and Twinings. The family featured ninth on The Sunday Times rich list in 2018. 

Tax estimate: £76 million. 

Names: Chris Hohn

Business: Hohn (pictured) manages the TCI hedge fund, which derives its name from The Children's Investment Fund Foundation, which Hohn set up with his wife. 

Tax estimate: £64.8 million. 

Names: Peter Wood

Business: Wood is the founder of insurance company esure, but also set up Direct Line and a number of other prominent insurance brands. Last year Wood made £360 million on the sale of his 30.8% stake in esure, which paid business tax of £28.2 million in 2017. 

Tax estimate: £53.7 million. 

Names: James Benamor

Business: Benamor is the mind behind loan company Amigo Loans and became a billionaire in July last year after Amigo floated on the stock market. 

Tax estimate: £52.2 million.

Names: Baroness Howard de Walden and family.

Business: The Howard de Waldens own 92 acres and 850 buildings in Marylebone, London. The main family company paid £31.6 million of tax during 2017/18.

Tax estimate: £44.1 million. 

Names: Tom Morris and family

Business: Morris financed the first Home Bargains store in 1976 using his overdraft. 43 years and 500 shops later, Morris has his sights set on the 1,000 stores mark. Morris is 64 years old, and his business paid company tax of £38.8 million in tax in 2017/18. 

Tax estimate: £39.2 million. 

 

Names: Andy Currie 

Business: Currie is closely connected with another tax big hitter in this list, Jim Ratcliffe. The pair teamed up in 1999, a year after chemicals giant Ineos was founded. Ineos paid 'at least' £184.1 million in tax in 2017, The Sunday Times said. 

Tax estimate: £36.8 million.

 

Names: John Reece

Business: John Reece is Ineos' finance director, and joined Jim Ratcliffe at Ineos in 2000. Ineos paid £184.1 million of UK tax in 2017, so The Sunday Times attributes a fifth of this sum to Reece, who is a 20% shareholder.

Tax estimate: £36.8 million. 

 

Names: Peter Hargreaves

Business: Peter Hargreaves is a co-founder of Hargreaves Lansdown, though he has now retired. The company paid £55.7 million in tax in 2017/18, and Hargreaves still owns nearly a third of the company. Hargreaves joins Dyson as one of Britain's biggest Brexit-backing businessmen, and paid £3.2 million to the Leave campaign in 2016. 

Tax estimate: £35.6 million. 

 

Names: Glenn Gordon and family

Business: Gordon is the chairman of distillers William Grant & Sons, and had an estimated net worth of £2.6 billion in The Sunday Times rich list last year. The Lanarkshire-based business also owns Hendrick's gin and Glenfiddich.

Tax estimate: £35.1 million. 

 

Names: John Bloor

Business: Housebuilder Bloor Homes is Derbyshire-based John Bloor's construction baby, but he also owns the Triumph motorcycle company, which he bought in 1983. Blood paid himself a dividend of £6 million in 2017/18, and his company paid nearly £32.6 million to the government's pockets in that period. 

Tax estimate: £34.9 million. 

 

Names: Robert Edmiston

Business: Christian businessman Edmiston, 72, started his West Midlands-based car dealership group using a redundancy cheque worth £6,000. IM Group imports Subaru and Isuzu cars, among other brands, and paid a £76 million dividend and £5.2 million in tax in 2017, according to The Sunday Times. However, that year the revenue slapped Edmiston with a surprise £200,000 tax bill for the £1 million donation he made to two pro-Brexit groups. 

Tax estimate: £34.4 million. 

 

Names: Ross Turner

Business: Ross Turner made his name as the youngest partner at hedge fund Lansdowne while still only in his twenties. He left Lansdowne (not to be confused with Hargreaves Lansdown) to launch Pelham, which now manages over £3 billion of investors' money. Turner owns an 82% stake in Pelham, which paid £30.8 million in tax in 2017/18.

Tax estimate: £33.6 million. 

 

Names: Carrie and Francois Perrodo and family

Business: Oil and gas giant Perenco was established by French businessman Hubert Perrodo, who later passed away in a hiking accident in 2006. The business is now owned by Perrodo's wife, Carrie, and their son Francois (pictured). It produces 450,000 barrels per day, and is headquartered in Mayfair, London. Perenco paid £32.6 million in tax in 2017. 

Tax estimate: £32.6 million. 

 

Name: Mike Ashley

Business: Sports Direct and Newcastle United owner Ashley (pictured) has been involved with his fair share of controversy in recent years, having been scrutinised by MPs over working conditions in his distribution warehouses. Ashley is a former squash coach and owns 61% of the shares in Sports Direct, which he founded in 1982. The Sunday Times says the business paid £49.9 million in tax in 2017/18, of which £30.4 million is owed by Ashley. 

Tax estimate: £30.4 million. 

 

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