The UK celebs paying £20m+ in tax

The UK celebs paying over £20m in tax in a single year

Research from tax refund experts, RIFT Tax Refunds, has revealed the estimated income tax paid by some of the UK’s most wealthy celebs and if you think you pay a lot to the tax man, their tax bills will make your eyes water.

Of the list of 10 household names, JK Rowling tops the table where current estimated wealth is concerned at a staggering £850m.

While Dua Lipa sits some way off the pace set by the Harry Potter author with an estimated wealth of just £60m, she has seen her estimated wealth increase by 67% in the last year – not a bad pay rise at £24m.

However, it’s Lewis Hamilton and Ed Sheeran that have enjoyed the biggest boost in a monetary sense, both enjoying a £40m increase over the last year where their estimated net wealth is concerned.

So how much do they pay in tax?

Well, it would be foolish to think they didn’t have an army of savvy money men and women helping to streamline the money owed to HMRC.

But, based on the same tax criteria as the average person, JK Rowling leads the pack again and having earnt an estimated £50m last year, she would have paid just shy of £23.5m to HMRC.

Lewis Hamilton sits second, a little higher than he’s used to finishing on the track of late. Taking home almost £46m last year, his tax bill sits at a hefy £26m.

Dua Lipa takes third having paid HMRC an estimated £10.7m in the last year alone, followed by Ed Sheeran (£9.9m) and Adele (£9.4m).

At the other end of the rankings, spare a thought for Rita Ora, who earnt a paltry £2m last year and paid HMRC just £928,839.

CEO of RIFT Tax Refunds, Bradley Post, commented:

“You’ll struggle to find a person in the land who doesn’t wince a tad when looking at the tax contributions on their pay slip, but imagine paying over £23m in tax in a single year and it may help ease the pain a little.

Unfortunately, the more you earn, the more you will owe and while there’s no doubt that these top celebs will be somewhat inventive with how and what they pay HMRC, we all have to pay our due one way or another.”