As the Seychelles-based entrepreneur prepares to continue his long-running residence case against HMRC at the Supreme Court, Gina Dyer speaks to the man himself to get the inside story.
Although he’s set up a variety of successful businesses in 16 countries, Robert Gaines-Cooper is probably best known for his epic battle against HMRC over the issue of his tax residence status.
In February the Court of Appeal ruled that HMRC did use the correct interpretation of the UK’s non-resident policy, IR20, in Gaines-Cooper’s case. This means he could now be liable for taxes dating back to 1993 – the total of which could reach an estimated £30m.
However, Gaines-Cooper insists that he did, in fact, meet the conditions laid out in IR20 as he spent less than 90 days per year in the UK and made Seychelles his permanent residence.
Here, he explains why he feels greater clarity is required on tax residency rules in the UK.