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Lingerie tycoon looks set to make IOM her new home


Aristotle

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1 hour ago, Uhtred said:

Whilst that may be true, Roger is correct that she must be tax resident in the UK to retain her seat in the Lords, regardless of how much, or how little, her tax liability may be. So she won't be living (or if you prefer tax-speak, domiciled) in the Isle of Man.

I would hazard a guess she won't be bothered about her tax bill from now on.  

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43 minutes ago, Lxxx said:

I would hazard a guess she won't be bothered about her tax bill from now on.  

I'm sure you're right... but she'll have to pay that tax bill to the UK Exchequer if she wishes to retain her seat in the Lords.

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45 minutes ago, notwell said:

Why?

It should have read she probably won't pay a penny of personal income tax from it. I'm sure anything taken out of the business will be aportioned under Mr Barrowman's personal drawings. Of course the company itself will be subject to UK Corporation Tax as it is registered there. 

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