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.
About Gina Dyer
I've been a journalist for four years, writing on a wide variety of topics from business and finance to travel, culture and celebrities. I began my career as an editorial assistant for Palladian Publications, a B2B publisher specialising in technical magazines for professionals in primary industries. I later moved into consumer magazines as a staff writer for French Magazine, a monthly travel publication aimed at Francophiles, and was part of the launch team for The Traveller in France, a quarterly magazine produced for the French tourist board. I was also a regular contributor to online travel portal Homesworldwide.co.uk, and later worked with customer publishers Future Plus as a freelance production editor, before joining Sift Media in January 2009. I am currently Deputy Editor of AccountingWEB.co.uk.