Home United Kingdom The foreign royals and billionaire tax exiles collecting UK’s furlough millions

The foreign royals and billionaire tax exiles collecting UK’s furlough millions

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The foreign royals and billionaire tax exiles collecting UK’s furlough millions

Glympton Park is a sprawling, 2,000-acre estate that includes an 18th-century stately home, nestled in the verdant Oxfordshire countryside near Woodstock.

It was once sold for £8m in 1992, by Prince Bandar bin Sultan bin Abdul Aziz al-Saud, the senior Saudi royal whose previous roles embody ambassador to the US. He’s purported to fill spent £42m on renovations, at the side of a pheasant shoot and bullet-proof glass on the driveway to thwart would-be assassins.

Early Newspaper

Yet, despite the mountainous sums showered on the country pile, Glympton Estates Ltd, which manages the property and is owned by Bandar, claimed £25,000 of taxpayer-funded furlough toughen in December final year.

The firm is correct understanding to be one of better than 750,000 to fill tapped precise into a design slated to price practically £66bn by the point it comes to an consequence in September.

Some are family names, among them big employers on their knees attributable to the pandemic. The 2 greatest claimants are pubs groups JD Wetherspoon and Mitchells & Butlers, each and every receiving between £25m and £50m.

Dozens more companies fill received between £1m and £25m, at the side of British Airways, Premier Inn-owned Whitbread, tour operator Tui and Primark. Below the furlough design, the authorities pays for 80% of an employee’s wages.

While these properly-identified businesses are among the UK’s greatest employers, a bunch of powerful smaller corporations lie buried in authorities disclosures.

Spoiled-referencing furlough files with publicly in the market files from Corporations Dwelling reveals that about a of their owners, cherish Bandar, might perhaps presumably maybe presumably no longer be evident candidates for tell toughen.

The sums claimed were printed in bands, starting with £0-£10,000 and rising to £25-£50m. The price of claims uncover most efficient to December. In put together, the final sums might perhaps presumably maybe presumably additionally very properly be powerful elevated.

Royalty and petro states

Saudi Arabia

Glympton Estates Ltd received as much as £25,000 in December 2020. It provides bookkeeping products and services and manages domestic personnel for Glympton Park. Corporations Dwelling filings display mask the property was once sold in March 2021 to the deputy top minister of Bahrain.

Atheeb (UK) Ltd, claimed £10,000. Accounts impart it provides products and services to Riyadh-based utterly mostly conglomerate Atheeb Holdings, and to “members related to” its proprietor, US-born Prince Abdulaziz bin Ahmed bin Abdulaziz al-Saud.

A relative, Prince Salman bin Sultan bin Abdul Aziz al-Saud, owns 75 Eaton Space Companies and products, which looks to abet an eye on a property in London’s prestigious Belgravia district, by utilizing a firm in the British Virgin Islands. The firm claimed as much as £10,000.

One entry in the furlough register, for £10,000, provides most efficient the name of HRH Prince Mohammed bin Saud bin Naif bin Abdulaziz al-Saud.

A Saudi embassy spokesperson talked about the corporations had made “legitimate claims” that were a non-public matter.

Qatar

The Ritz lodge, owned by the brother-in-rules of the emir of Qatar, claimed as much as £500,000. The Ritz talked about workers had been furloughed to discontinuance any job losses and that the owners made very immense extra payments” to develop sure that salaries were no longer reduced.

Ritz Hotel
The Ritz lodge, owned by the brother-in-rules of the emir of Qatar, claimed as much as £500,000. Photo: Brand Thomas/Rex/Shutterstock

Harrods, owned by the Qatar Investment Authority, claimed as much as £2.5m. Reveal-managed Qatar Airways benefited from £50,000 paid to its Edinburgh Park lodge.

Buddy Zileri and Valentino England, luxurious clothes corporations owned by the passe Qatari emir, Sheikh Hamad bin Khalifa al-Thani, took as much as £35,000 between them.

Extinct top minister Sheikh Hamad bin Jassim bin Jaber al-Thani is listed as a individual with important abet an eye on at Qaya Ltd, with the accurate to nominate and take away directors. The firm, owned by an entity in the British Virgin Islands, took £10,000.

Requests for divulge went unanswered.

Dubai

The authorities of Dubai owns UK Mission Endeavor, by utilizing the British Virgin Islands. The firm provides a “six-star” 24-hour concierge carrier to VIP clients and claimed as much as £100,000.

The map of labor of the ruler of Dubai, Mohammed bin Rashid al-Maktoum, claimed as much as £55,000, at the side of £10,000 each and every for luxurious carrier condominium enterprise Cheval Series and resorts firm Jumeirah Global (UK).

The crown prince, Sheikh Hamdan bin Mohamed bin Rashid al-Maktoum, owns Shamal Out of the country Shoreditch Ltd, a resorts and accommodation enterprise that took as much as £10,000.

Billionaires and multimillionaires

Len Blavatnik is the UK’s fourth richest man, with a net price of £15.8bn. His co-owned First Access Leisure, a talent agency and media firm, claimed as much as £10,000. He declined to divulge.

Len Blavatnik
Len Blavatnik, co-proprietor of First Access Leisure, claimed as much as £10,000. Photo: David M Benett//Getty Photos for Warner Music

Playing tool billionaire Teddy Sagi, price £3.6bn, owns London’s Camden Market. Three of his corporations claimed as much as £120,000 between them. A spokesperson for Camden Market proprietor LabTech talked about it waived or reduced rents for tenants, made home in the market for soup kitchens and equipped free map of labor home to the NHS.

Julian Dunkerton, founder-boss of trend brand Superdry, is price £182m. His lodge enterprise Lucky Onion claimed £150,000, whereas the Tavern, a pub in Cheltenham, claimed £10,000. A spokesperson talked about the furlough design had been passe “precisely because the authorities supposed”, saving 221 jobs.

Building firm Ochil Trends claimed as much as £25,000. It is owned by the family of understanding to be one of Scotland’s richest men, Mahdi Al Tajir, who additionally owns Highland Spring bottled water firm.

Fayair, a luxurious airport transfer enterprise owned by passe Harrods proprietor Mohamed Al Fayed, claimed as much as £25,000.

Evgeny Lebedev, who owns the Honest and the Evening Standard newspapers, was once elevated to the Dwelling of Lords final year. The Grapes pub in Limehouse, which he co-owns with actor Sir Ian McKellen, claimed as much as £10,000.

Tax exiles, non-doms and battles with HMRC

Jim Ratcliffe, price £12bn, was once Britain’s richest man in 2018 but quit the UK for tax-free Monaco final year. His Lime Wooden and Dwelling Grown Motels luxurious hospitality businesses claimed a blended £600,000 whereas his trend firm, Belstaff, took £25,000.

Lord Ashcroft and family are price £1.2bn. He has previously been non-domiciled in the UK for tax functions though his present net site is unclear. Corporations Dwelling lists him as a individual of great abet an eye on, with an address in Belize, for SUSD Asset Management and Shutdown Repairs Companies and products, which every and every claimed £10,000.

Guy Hands
Guy Hands, the proprietor of Hand Picked Motels, which claimed as much as £50,000. Photo: Bloomberg by utilizing Getty Photos

Guy Hands, the Guernsey-based utterly mostly financier in the support of deepest equity community Terra Firma, is the proprietor of Hand Picked Motels, which claimed as much as £50,000. He once talked about he did no longer talk over with the UK for anxiety of being taxed there. Hands talked about: “With out authorities toughen, I’d fill had no option but to cease Hand Picked Motels. I fill keep £28m into the enterprise, which has misplaced £18.5m since final March. The furlough design has helped give protection to the jobs of 700 other folks.”

Other billionaires who aren’t tax residents in the UK embody retail rich individual Philip Inexperienced, whose crumbling Arcadia empire claimed as much as £2.5m and Sir Richard Branson, whose Virgin Atlantic claimed £5m.

Politics

The British Nationwide social gathering might perhaps presumably maybe presumably no longer fill any councillors nevertheless it claimed as much as £10,000. A spokesperson for the social gathering, led by Adam Walker, talked about its workers “might perhaps presumably maybe presumably clean no longer be discriminated against because every other folks might perhaps presumably maybe presumably abet alternative affairs of tell than their employer”.

Fully about a other political parties made claims but they embody Brexit Party Ltd, which is owned by Nigel Farage, and the Socialist social gathering. Every claimed as much as £10,000.

Football clubs, celebrities and more

Arconic Manufacturing (GB) is a subsidiary of the firm that made the cladding for the Grenfell Tower. It claimed as much as £500,000, which it talked about loyal 380 jobs and was once passe because the authorities supposed.

Four football clubs – Newcastle United, Leeds United, Sheffield United and Burnley – claimed as much as £575,000 between them. None were willing to divulge but two harassed financial difficulties attributable to the dearth of income from followers for the duration of the pandemic. The manufacture is regarded as seriously advanced to abet an eye on for newly promoted aspects.

A bunch of celebrities fill previously been reported as having furloughed workers at their deepest corporations, at the side of model Cara Delevingne, two golf applications owned by passe president Donald Trump, Tony and Cherie Blair, Jamie Oliver Team and Samantha Cameron’s trend brand Cefinn.

Source:
The foreign royals and billionaire tax exiles collecting UK’s furlough millions – The Guardian