Lewis Hamilton moved to Switzerland, partly to avoid UK taxes.Thousand of rich UK citizens living abroad as tax exiles may find they have to pay UK taxes after all.
The Court of Appeal has upheld the right of HM Revenue & Customs to tax a businessman, Robert Gaines-Cooper, who has lived in the Seychelles since 1976.
The judges said that he had never been exempt from UK taxes as a non-resident citizen.
Although he had abided by the rules to spend fewer than 91 days here, he had still not cut his ties with the UK.
Mr Gaines-Cooper may now have to pay a tax bill of £30m, for the years from 1993 to 2004.
via news.bbc.co.uk
Click on link to read story
Posts
No comments:
Post a Comment