THE LONG-RUNNING CASE involving the residency status of Robert Gaines-Cooper was heard in the Supreme Court last week and will be decided in the next 12 weeks.
The case began last Thursday and is still being heard. Gaines-Cooper is appealing against the 2010 High Court judgment that he was qualified as a UK resident in a case worth an estimated £30m.
The multi-millionaire businessman moved to the Seychelles and followed HMRC guidance to ensure he stayed no longer than 91 days in the UK each year. Yet HM Revenue & Customs decided that his close connections with the UK – including ownership of a large estate and regular trips to Ascot – meant he was a resident and liable for a backdated tax bill.
Peter Vains, head of tax at the London office of solicitors Squire, Sanders & Dempsey, which is representing Gaines-Cooper, told The Daily Telegraph it was “difficult to say” what the outcome would be.
“It’s been a very big case and we expect to hear the judgment in two or three months,” he said.
In a statement, Gaines-Cooper said: “I have every confidence in my advisors and in the British legal system and so will be following proceedings over the coming days with interest, as you might imagine.”
The government last month issued a consultation on a statutory residency test to provide certainty about whom is to be treated as a resident in the UK for tax purposes.
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy