UK's richest taxpayers revealed, with Betfred brothers at the top.
The Sunday Times has released its annual list of the UK's biggest taxpayers, and it's a who's who of high-net-worth individuals. At the very top are Fred and Peter Done, billionaire brothers behind the gambling firm Betfred, who have racked up an impressive £400.1m in tax payments over the years. A significant chunk of this amount is attributed to their betting shop empire, highlighting the lucrative nature of their business.
Fred Martin, founder of the popular Wetherspoon's chain, also makes it into the top 10 with a personal contribution of just shy of £200m. The Wetherspoon's group as a whole paid over £1m in tax per pub and raked in £837.1m from public finances.
While some wealthy individuals are choosing to leave the UK for lower-tax jurisdictions, others remain committed to paying their fair share of taxes. Peter Done, 78, insists he has no plans to quit Britain despite being on the list. "We owe this country," he said. "I feel there is an obligation for people who have made money in that country to pay tax in that country. Fred and myself are stopping here."
Other notable figures on the list include celebrity taxpayers like Harry Styles, Ed Sheeran, and football star Erling Haaland, whose impressive earnings from his Manchester City contract, image rights, and bonuses result in an estimated £16.9m in tax payments.
The Sunday Times tax list highlights the significant contribution made by the UK's highest earners to the public purse, with the top 1% of taxpayers accounting for around a quarter of all income tax paid during the current tax year. However, some wealthy individuals are opting out and relocating to lower-tax destinations, which may impact their tax contributions in the future.
The Sunday Times has released its annual list of the UK's biggest taxpayers, and it's a who's who of high-net-worth individuals. At the very top are Fred and Peter Done, billionaire brothers behind the gambling firm Betfred, who have racked up an impressive £400.1m in tax payments over the years. A significant chunk of this amount is attributed to their betting shop empire, highlighting the lucrative nature of their business.
Fred Martin, founder of the popular Wetherspoon's chain, also makes it into the top 10 with a personal contribution of just shy of £200m. The Wetherspoon's group as a whole paid over £1m in tax per pub and raked in £837.1m from public finances.
While some wealthy individuals are choosing to leave the UK for lower-tax jurisdictions, others remain committed to paying their fair share of taxes. Peter Done, 78, insists he has no plans to quit Britain despite being on the list. "We owe this country," he said. "I feel there is an obligation for people who have made money in that country to pay tax in that country. Fred and myself are stopping here."
Other notable figures on the list include celebrity taxpayers like Harry Styles, Ed Sheeran, and football star Erling Haaland, whose impressive earnings from his Manchester City contract, image rights, and bonuses result in an estimated £16.9m in tax payments.
The Sunday Times tax list highlights the significant contribution made by the UK's highest earners to the public purse, with the top 1% of taxpayers accounting for around a quarter of all income tax paid during the current tax year. However, some wealthy individuals are opting out and relocating to lower-tax destinations, which may impact their tax contributions in the future.
[Drooling money emoji] £400m from gambling? 
Meanwhile, I'm over here living off ramen noodles 
[Image of a sad face with a bowl of ramen]
Like, hello! You make all that cash and now you're just gonna leave? What's next? Leaving their kids behind? 
That's some serious cash! Meanwhile, I'm over here trying to scrape together enough for avocado toast 
[Image of a sad face with a bowl of avocado toast]
. Not all high-net-worth individuals are dodging tax like some of the celebs on this list... you feel them giving back to society in some way 
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. But at the same time, it's also a bit weird that celebrities like Harry Styles and Ed Sheeran are on the list too - I mean, aren't they already getting paid enough? 
Anyway, it's interesting to see who's paying up and who's taking their cash elsewhere... 
. But at the same time, its also worth noting that some folks are choosing to take their money elsewhere for tax reasons, which might impact the country's revenue 
at least they're paying ther fair share tho, thats more than i can say for some of the others on this list 
. It's also cool to see people like Harry Styles and Ed Sheeran paying their fair share too... maybe they'll inspire others to do the same 
. It's not always easy for people like them to be so generous with their wealth, you know? And the fact that they're sticking around in the UK despite being able to move elsewhere shows some real commitment to giving back to the community 
. I mean, yeah, it'd be nice if everyone was on board with paying taxes, but at least these guys are setting a good example 
. I'm lowkey impressed that people like Peter Done are still keepin' it real and payin' up despite bein' super rich 
especially when u consider they could easily be dodgin taxes & just takin it all out 
! It's crazy how much Fred & Peter Done have sunk into the UK's coffers, £400.1m is a serious amount 
. No escaping the UK for them! Meanwhile, other high earners like Harry Styles and Ed Sheeran are making bank and contributing a respectable £16.9m in tax payments 
... I mean, he's made his money here and it's only fair that he gives back to society 
... I guess it's good to see them contributing to the public purse, but on the other hand, shouldn't they just use their wealth for good instead of paying taxes? 
I mean, someone's gotta support the UK's pubs, right? And I'm all for people payin' their fair share, especially if they're makin' bank from it. Peter Done's got a good point about feelin' obligated to give back to the country that made 'em rich... 
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