UK's "highest taxpayers" unveiled in Sunday Times first-ever list

Stephen Rubin – who owns a majority stake in JD Sports – and his family have been named Britain's leading taxpayers, according to the Sunday Times.

The newspaper is known for its rich list of the richest people in the UK – but for the first time compiled a list ranking tax contributions.

He estimated the tax to be paid on corporate profits, stock sales, dividends, home purchases and personal income.

Denise Coates, boss of Bet365, and Sir James Dyson are also among the top three.

As the most important taxpayers, Mr Rubin and his family will have to pay around £ 181.6 million in taxes for the 2017/18 fiscal year, or around £ 480,000 a day.

This includes £ 121.6m of its stake in JD Sports as well as £ 53.2m in corporate taxes owed by the family-owned Pentland Group and £ 6.9m in dividends due.

The Pentland Group employs more than 41,000 people and owns sports and fashion brands such as Speedo, Ellesse and Berghaus.

Who are the biggest taxpayers in the UK?

1. Stephen Rubin and his family, £ 181.6 million. Majority shareholder of JD Sports and owner of the Pentland group.
2. Denise, John and Peter Coates, £ 156m. Owners of the Bet365 gaming company.
3. Sir James Dyson and his family, £ 127.8 million. Vacuum cleaner and appliance company.
4. Bruno Schroder and his family, £ 114.3m. Investment management company.
5. Sir Jim Ratcliffe, £ 110.5 million. Owner of the chemical company Ineos
6. The Weston family, £ 76m. The owners of the retailers, including Selfridges, Primark, Ryvita, Silver Spoon, Ovaltine and Twinings.
7. Sir Chris Hohn, £ 64.8 million. Manager of the TCI hedge fund.
8. Sir Peter Wood, £ 53.7 million. Founder of the insurance company esure.
9. James Benamor, £ 52.2m. Owner of Amigo Lenders and Richmond Group.
10. Baroness Howard Walden and her family, £ 44.1m. Real estate investors.

Denise Coates – the billionaire businesswoman and the driving force behind the Bet365 online gaming company – was ranked second among taxpayers, alongside her brother, John (deputy general manager) and his father, Peter (President).

According to the newspaper, they paid at least £ 156m in taxes last year, mainly because of Coates' high salary – considered the highest in the UK – which generated £ 99m d & # 39; taxes.

Sir James Dyson and his family, whose home appliance company announced last week that it was moving to Singapore, are third on the list, with tax debts estimated at 127.8 million pounds.

His company paid 95 million British pounds in taxes in 2017 and the family had to pay a 32.8 million pounds sterling tax on dividends.

Home Bargains owner Tom Morris and his family (£ 39.2m) are also on the list. Mike Ashley, owner of Sports Direct (£ 30.4m); the Warburton family bakery (£ 14.5 million); and David and Victoria Beckham in 49th place (£ 12.7m).

Analysis

By Rob Young, Economic and Economic Correspondent, BBC

The rich are often accused of not paying enough tax.

This ranking pays tribute to those who contribute the most to the Exchequer and not to those who have simply won the most in a year.

This list details some of the important tax contributions paid in the UK by the executives of some of our best-known companies.

The tax affairs of an individual are private in the UK. The Sunday Times tax list is based on publicly available documents, so it does not give a complete picture.

The newspaper indicates that its estimate of tax bills will probably be conservative.

Do not forget that it is the income that is taxed, not the wealth. It is perhaps for this reason that only 28 of the 145 billionaires on the list of the same newspaper appear on the list of taxes, certainly much shorter.

The Panama Papers and Paradise Papers – a leak of confidential documents revealing how rich people use tax havens – have sparked increased interest in tax affairs.

According to the Sunday Times, the 50 participants paid close to £ 2 billion in UK tax last year. The newspaper said that in calculating the tax debt, it did not include the tax paid abroad in its calculations.

He added that only 28 of the 145 billionaires and 18 of the 855 millionaires appearing in the Sunday Times Rich List are on the tax list.

Tax rates

Corporation tax: Paid at a rate of 19% on all the profits of the company. The amount attributed to individuals by the Sunday Times is proportional to their stake in the company

Tax on dividends: Paid at a rate of 38.1% for additional rate payers (those earning more than £ 150,000 per annum) on the overall value of dividends received

Capital gains tax: Paid at 10% on sales of companies or parts of companies for those who qualify for the priority given to entrepreneurs

Income tax: Paid at 45% on earnings over £ 150,000.