UK's Top Taxpayers Include Celebrities and Business Tycoons
London - The UK's highest taxpayers list, released annually by the Sunday Times, features familiar names from the worlds of business, sports, and entertainment. Fred and Peter Done, the billionaire brothers who founded the gambling giant Betfred in 1967, topped the list for the first time, having paid an estimated £400.1 million in tax over the past year, according to BBC Business.
The list also included prominent figures such as Harry Styles, Anthony Joshua, and J.K. Rowling, marking Styles' first appearance. Manchester City's Erling Haaland, 25, was the youngest person on the list at number 72, with a projected £16.9 million tax payment. Liverpool's Mo Salah was also featured, with an estimated £14.5 million tax bill.
Meanwhile, HM Revenue and Customs (HMRC) extended phone and webchat services to assist individuals filing their self-assessment tax returns before the January deadline. According to BBC Business, approximately 1.1 million people missed the deadline the previous year. HMRC noted that reasonable excuses for missing the deadline, which requires those self-employed or with multiple income sources to file online, include serious illness or a close family bereavement.
In other news, ministers from the US, EU, UK, Japan, Australia, and New Zealand are scheduled to meet in Washington this week to discuss a strategic alliance concerning critical minerals, reported The Guardian. The summit aims to repair transatlantic relations and establish alliances to reduce reliance on China. Discussions will include rare earth elements and potential US guarantees for a minimum price.
In Australia, the Australian Electoral Commission (AEC) released its 2024-25 annual financial disclosure return information, revealing significant political donations. According to The Guardian, Gina Rinehart's Hancock Prospecting donated nearly $900,000 to the right-wing campaign group Advance in the lead-up to the 2025 election. Clive Palmer's Mineralogy was the largest donor, contributing over $53 million to political ventures, including $302,9012 to his United Australia party and $52.9 million to the Trumpet of Patriots. Pro-climate funding vehicle Climate 200 also declared receiving significant donations.
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