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| UK's 'highest taxpayers' revealed in first-ever Sunday Times list | UK's 'highest taxpayers' revealed in first-ever Sunday Times list |
| (about 11 hours later) | |
| Stephen Rubin - who owns a majority stake in JD Sports - and his family are the UK's top taxpayers, according to the Sunday Times. | |
| The newspaper is known for its rich list of the UK's wealthiest people - but has now, for the first time, drawn up a list ranking tax contributions. | |
| It estimated the tax due on business profits, share sales, dividends, house purchases and personal income. | It estimated the tax due on business profits, share sales, dividends, house purchases and personal income. |
| Denise Coates, the Bet365 boss, and Sir James Dyson also make the top three. | Denise Coates, the Bet365 boss, and Sir James Dyson also make the top three. |
| As the largest taxpayers, Mr Rubin and his family will pay an estimated £181.6m in tax for the 2017/18 financial year - which works out at nearly £500,000 a day. | |
| This includes £121.6m from his stake in JD Sports as well as £53.2m in corporation tax owed by the family's company, Pentland Group, and £6.9m on the dividends they were due. | This includes £121.6m from his stake in JD Sports as well as £53.2m in corporation tax owed by the family's company, Pentland Group, and £6.9m on the dividends they were due. |
| Pentland Group employs more than 41,000 people and owns sports and fashion brands including Speedo, Ellesse and Berghaus. | Pentland Group employs more than 41,000 people and owns sports and fashion brands including Speedo, Ellesse and Berghaus. |
| Just two of the top taxpayers also appear in the top 10 of the paper's Rich List - which is based on their overall wealth. The tax calculations are based on income. | |
| Who are the UK's largest taxpayers? | Who are the UK's largest taxpayers? |
| Source: Sunday Times tax list 2019 | |
| Denise Coates - the billionaire businesswoman and driving force behind online gambling company Bet365 - was ranked the second largest taxpayer, alongside her brother, John (joint chief executive) and father, Peter, (chairman). | Denise Coates - the billionaire businesswoman and driving force behind online gambling company Bet365 - was ranked the second largest taxpayer, alongside her brother, John (joint chief executive) and father, Peter, (chairman). |
| They paid at least £156m in tax last year, the newspaper estimates, mainly as a result of Ms Coates' high salary - believed to be the UK's highest - which incurred £99m in tax. | They paid at least £156m in tax last year, the newspaper estimates, mainly as a result of Ms Coates' high salary - believed to be the UK's highest - which incurred £99m in tax. |
| Meanwhile, Sir James Dyson and his family - whose household appliance company announced last week it was relocating its head office to Singapore - are ranked third on the list, with tax liabilities estimated at £127.8m. | Meanwhile, Sir James Dyson and his family - whose household appliance company announced last week it was relocating its head office to Singapore - are ranked third on the list, with tax liabilities estimated at £127.8m. |
| His company paid £95m in UK tax in 2017, and the family were liable to pay tax of £32.8m on the dividends. | His company paid £95m in UK tax in 2017, and the family were liable to pay tax of £32.8m on the dividends. |
| Also on the list are the owner of Home Bargains, Tom Morris and his family (£39.2m); Sports Direct owner Mike Ashley (£30.4m); bakers the Warburton family (£14.5m); and David and Victoria Beckham in 49th place (£12.7m). | Also on the list are the owner of Home Bargains, Tom Morris and his family (£39.2m); Sports Direct owner Mike Ashley (£30.4m); bakers the Warburton family (£14.5m); and David and Victoria Beckham in 49th place (£12.7m). |
| Analysis | Analysis |
| By Rob Young, BBC business and economics correspondent | By Rob Young, BBC business and economics correspondent |
| The wealthy are often accused of not paying enough in tax. | The wealthy are often accused of not paying enough in tax. |
| This ranking celebrates those who contribute the most to the Exchequer, not those who have simply earned the most within a year. | This ranking celebrates those who contribute the most to the Exchequer, not those who have simply earned the most within a year. |
| This list details some of the large UK tax contributions being made by the leaders of some of our most well-known businesses. | This list details some of the large UK tax contributions being made by the leaders of some of our most well-known businesses. |
| An individual's tax affairs are private in the UK. The Sunday Times Tax List is based on publicly available documents, so it isn't the full picture. | An individual's tax affairs are private in the UK. The Sunday Times Tax List is based on publicly available documents, so it isn't the full picture. |
| The newspaper says its estimate of tax bills is likely to be conservative. | The newspaper says its estimate of tax bills is likely to be conservative. |
| Remember, it is income that's taxed, not wealth. Perhaps that's why only 28 out of the 145 billionaires on the same newspaper's Rich List appear on the, admittedly much shorter, Tax List. | Remember, it is income that's taxed, not wealth. Perhaps that's why only 28 out of the 145 billionaires on the same newspaper's Rich List appear on the, admittedly much shorter, Tax List. |
| The Panama Papers and Paradise Papers - a leak of confidential documents revealing how the wealthy use tax havens - has led to a heightened interest in tax affairs. | The Panama Papers and Paradise Papers - a leak of confidential documents revealing how the wealthy use tax havens - has led to a heightened interest in tax affairs. |
| According to the Sunday Times, the 50 entries paid nearly £2bn in UK tax last year. The newspaper said that, when calculating tax liability, it did not include tax paid overseas in its calculations. | According to the Sunday Times, the 50 entries paid nearly £2bn in UK tax last year. The newspaper said that, when calculating tax liability, it did not include tax paid overseas in its calculations. |
| It added that just 28 of the 145 billionaires and 18 of the 855 millionaires on last year's Sunday Times Rich List are featured in the tax list. | It added that just 28 of the 145 billionaires and 18 of the 855 millionaires on last year's Sunday Times Rich List are featured in the tax list. |
| Tax rates | Tax rates |
| Corporation Tax: Paid at a rate of 19% on all company profits. The amount ascribed to individuals by the Sunday Times is in proportion to their stake in the business | Corporation Tax: Paid at a rate of 19% on all company profits. The amount ascribed to individuals by the Sunday Times is in proportion to their stake in the business |
| Dividend Tax: Paid at a rate of 38.1 % for additional rate taxpayers (those earning more than £150,000 a year) on overall value of dividends received | Dividend Tax: Paid at a rate of 38.1 % for additional rate taxpayers (those earning more than £150,000 a year) on overall value of dividends received |
| Capital Gains Tax: Paid at 10% on sales of businesses or parts of businesses for those qualifying for Entrepreneurs' Relief | Capital Gains Tax: Paid at 10% on sales of businesses or parts of businesses for those qualifying for Entrepreneurs' Relief |
| Income Tax: Paid at 45% on earnings above £150,000. | Income Tax: Paid at 45% on earnings above £150,000. |
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