Top UK Taxpayers Revealed: JK Rowling, and Ed Sheeran Lead the List
The Sunday Times has ranked the top 100 Top UK taxpayers, estimating their contributions to public finances.
Have you ever thought about the impact of taxes on the lives of celebrities? It’s not just about red carpet events and glamorous lifestyles; behind the scenes, the financial responsibilities are enormous.
Recently, The Sunday Times released its ranking of the top UK taxpayers, and guess who topped the list? None other than the literary wizard herself, JK Rowling, and the chart-topping sensation, Ed Sheeran.
Now, let’s delve into why their tax contributions matter and what lessons you can draw for your budding business.
Notable figures like JK Rowling, and Ed Sheeran have secured spots in this exclusive list.
Ed Sheeran and JK Rowling Surge in UK Tax Rankings, Each Contributing Over £39 Million in Latest Report
Ed Sheeran and JK Rowling were among those found to be paying significantly more tax than last year.
The Suffolk-born singer, who paid himself more than £80 million, has toured extensively over the past year while the Harry Potter creator’s earnings have continued to grow.
Rowling and Sheeran, the youngest single taxpayer, appear at 31st and 32nd in this year’s rankings, with tax bills estimated at £40 million and £39.6 million.
The rankings, based on the tax paid on business profits, share sales, dividends, house purchases, and personal income, reveal that these contributors collectively added £5.35bn to public finances last year.
While some paid less tax in 2023 than the previous year, the largest taxpayer, Alex Gerko, paid an estimated £664.5m, making him the leading contributor.
The list includes diverse individuals, such as financial trader Bernie Ecclestone and Denise Coates, the head of gambling firm Bet365.
The tax rankings reveal more than just numbers; they unravel the financial stories of successful individuals. Learning from JK Rowling and Ed Sheeran, we understand that business success goes hand in hand with increased tax responsibilities. Their journeys underscore the importance of long-term financial planning, diversification of income, and embracing the impact your business can have on the broader community through responsible tax contributions.
Find out who made the cut and how they are shaping the UK tax landscape.
The excess income will be subject to income tax at 20% and your acting profits may be subject to national insurance at 8%. This all depends in which country you pay tax.
He contributed over £12m in UK tax. Author JK Rowling ranks 31st on the list, having paid £40m in UK taxes in the past 12 months. One below at 32nd is Ed Sheeran who paid more than £36m in UK tax.
Author JK Rowling ranks 31st on the list, having paid £40m in UK taxes in the past 12 months
