With there being such a vast amount of money involved in the world of betting it is no surprise to find that the founder and joint chief executive of the online gambling company Bet365, Denise Coates was the country’s largest taxpayer of 2019. Bet365 is one of the biggest online betting sites in the United Kingdom.
According to the Sunday Times Tax List, Denise Coates was liable for a total tax amount of a staggering £276 million last year. Denise Coates and her family owed tax bills including their £113 million share of Bet365’s cooperation tax bill as other costs such as National Insurance and £130 million in tax from Ms Coates total annual income of £276 million.
The Bet365 boss was way out at the top of the tax paying list released by Sunday Times, with the next highest paying tax pay being Stephen Rubin who paid an estimated amount of £143 million. Last year, Mr Rubin found himself in first place in the amount of tax owed, which sat £40 million higher than that recorded this year.
Stephen Rubin, the owner of the Pentland Group, the holding group of several sporting goods companies found himself paying more than that of Sir James Dyson who owed £103 million. The world-renowned author of Harry Potter, JK Rowling also featured in the top 20 highest taxpayers, sitting in 19th place paying £48.9 million.
The Sunday Times Tax List is put together using only the financial taxation documents that are publicly available from 2018 to 2019, which take into account dividend tax, Corporation tax, capital gains tax, income tax and payroll taxes.
Corporate taxes and personal taxes overseas are not included in the results. So, with that said, these results do not show the exact amount paid by each of the listed individuals but give a better understanding of who is paying what throughout the taxpaying year.