Gaines-Cooper loses in Court of Appeal

Gaines-Cooper loses in Court of Appeal

Seychelles entrepreneur loses latest round of legal battle

Robert Gaines-Cooper has lost the latest leg of his legal battle to escape
millions of pounds in UK taxes.

Gaines-Cooper has been maintaining that he is not resident in the UK, but
lost another round of the legal proceedings with HM Revenue & Customs
yesterday in the court of Appeal.

Lord Justice Rimer, sitting with Lord Justice Wilson in the Court of Appeal
in London, dismissed his appeal as ‘nothing more than an illegitimate attempt to
re-argue the facts,’
The
Times reported
.

Gaines-Cooper has made millions through companies based in the Seychelles and
elsewhere, but retained strong links with the UK. When the case initially
emerged, tax advisers said it set a new precedent on the rule of thumb about
spending fewer than 90 days in the UK to avoid becoming resident.

HMRC counted days of arrival and departure, but the case was always about
more than just time in the country.

Gaines-Cooper now faces a huge tax demand for the years 1993 to 2004, The
Times said.

Further Reading:

Read
The Times’ story

Read
original Accountancy Age report: Seychelles entrepreneur’s heart ‘remained in
England’

Monaco
millionaires face crackdown

Share

Subscribe to get your daily business insights

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata
Professional Services

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

3y

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

3y

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

View resource
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
Digital Links: A guide to MTD in 2021
Making Tax Digital

Digital Links: A guide to MTD in 2021

3y

Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

View resource