Ed Sheeran and JK Rowling amongst UK’s highest tax payers as a consequence of excessive web price

An inventory of the UK’s highest tax payers has been shared, together with well-known faces comparable to Ed Sheeran and JK Rowling.

As shared by The Sunday Times, the record contains the Prime 100 individuals to have paid essentially the most in taxes over 2023 – including a reported £5.35billion to public funds within the final 12 months.

Amongst these listed had been Harry Potter creator JK Rowling, who was positioned at Quantity 31 within the rankings. In line with the report, the creator made the record having paid £40million in UK taxes final 12 months. It has been beforehand reported that her web price stands at £875million.

Ranked at one place under Rowling is pop sensation Ed Sheeran, who’s listed as being within the thirty second spot and having paid greater than £36million in UK taxes in 2023.

The point out of Sheeran comes after one in all his tax payments was shared final October. The singer-songwriter noticed his earnings hit £18.3million in 2022, marking a rise of £8.4million in comparison with that of the earlier 12 months (through The Mirror).

That meant that the pop titan paid most of his pay rise – £8million – in tax final 12 months. It equates to paying a tax of £158,917 per week.

Different well-known faces to function on the record by The Sunday Occasions embody Heavyweight boxer Anthony Joshua, who’s ranked 88th out of 100 on the index.

The highest spot is claimed by Russian-born monetary dealer Alex Gerko, who paid an estimated quantity of £664.5m for the 2023 monetary 12 months; an equal of over £1.8m every day. Former F1 chief government Bernie Ecclestone was listed in second place having paid £650million in tax and penalties to HMRC to keep away from dealing with time in jail. As reported by BBC, this comes because the 93-year-old did not declare over £400m held in a belief in Singapore again in 2015.

Denise Coates, the boss of playing agency Bet365, got here in third place. Take a look at the total record here.

Sheeran opened up about his funds and taxes in 2017 throughout an interview with OK! Magazine.

“It’s ‘earn a penny, spend a penny’ with me. As quickly because it is available in, it goes out. I don’t have that a lot worth on it. I place extra worth on my family and friends being OK,” he stated. “Quite a lot of my cash goes to charity or to kids’s hospitals close to the place I reside. I’ve sufficient to be snug and the remainder goes to assist individuals.”

Again in Could, Sheeran was included on the Sunday Times Rich List – alongside Harry Types and Adele – and named as one of many UK’s richest individuals underneath the age of 35. Aged 32, he was the best rating out of the three musical acts and positioned within the Quantity Seven spot with a reported fortune of £300million.

As for JK Rowling, final Could her fortune rose by £25million in comparison with that of 2022. That is nonetheless prone to rise, nonetheless, as the author is in talks with HBO, planning to make her Harry Potter novels right into a tv sequence.