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,’
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
Richard Le Tocq, head of Locate Guernsey, discusses the chancellor’s approach to high net worth individuals, and why relocation is increasingly attractive to HNWIs
The firm says that the U-turn 'does not alter the need for a fundamental review of the way we tax work' and that the current tax system is in need of reform
Legislation on the NICs changes to be brought forward in the autumn following publication of 'the full effects of the changes to Class 2 and Class 4' in the summer
Following chancellor Philip Hammond’s Spring Budget speech, we explore the key takeaways for businesses and individuals