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’

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millionaires face crackdown

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