THE FOUNDER of price comparison website Moneysupermarket, Simon Nixon, is moving to Jersey (pictured) in order save millions of pounds in tax.
Nixon owns half the £790m company and boasts a personal fortune of £536m, placing him at 55th on the Sunday Times Rich List.
He is the latest entrepreneur to move for tax purposes, the Telegraph reports, and is set to save millions of pounds annually on tax dividends alone.
His decision to relocate comes less than a month before the Chancellor makes his Autumn Statement, in which he will attempt to enhance the UK’s attractiveness to businesses, while simultaneously addressing the issue of tax avoidance.
The reduced rates paid by multinationals such as Starbucks, Amazon, and Google has drawn wide criticism, with representatives of the trio appearing before the Public Accounts Committee in order to discuss the issue earlier this week.
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