England’s ‘tax-dodging’ hotspots revealed
Home Counties dominate list of towns with highest levels of tax avoidance
The stockbroker belt of southern England is “littered with tax-avoidance hotspots”, according to a new analysis of HMRC data.
Windsor was “named as the tax-dodging capital of England”, says The Telegraph, with St Albans and Guildford close behind.
“The Home Counties is home to many high-net-worth individuals and well-paid city commuters,” said Sean Glancy, a partner at accountancy firm UHY Hacker Young, which analysed figures gained through freedom of information (FOI) requests.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
“These are the groups most likely to have the highest income tax bills, leading to greater incentives to find ways to reduce payments.”
The league table reveals which towns and cities have the highest concentration of tax-avoidance “disclosures” - declarations made by taxpayers using legal avoidance schemes.
“HMRC can investigate these schemes and their providers and, as a result, may amend legislation where deemed necessary to reduce tax avoidance options that can circumvent the law,” explains Investopedia.
If a scheme is subsequently deemed illegal, participants who have not made a declaration face higher penalties.
The top 20 tax-dodging areas
1. Windsor and Maidenhead: 23 disclosures per 100,0002. St Albans: 203. Guildford: 174. London: 175. Aberdeen: 156. Redhill: 157. Tunbridge Wells: 158. Reading: 149. Cambridge: 1310. Hemel Hempstead: 1211. Exeter: 1212. Oxford: 1113. Chelmsford: 1014. Bournemouth: 1015. Bath: 916. Brighton: 917. Canterbury: 918. Stevenage: 919. York: 920. Swindon: 8
Aberdeen, one of the few cities on the list that are outside the stockbroker belt, is at the heart of the North Sea oil industry.
At the end of last year, Aberdeen-based regional newspaper The Press and Journal reported that “northeast oil and gas workers face a 25% loss of earnings” as a result of new anti-tax-avoidance laws targeting highly paid contractors.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Holden Frith is The Week’s digital director. He also makes regular appearances on “The Week Unwrapped”, speaking about subjects as diverse as vaccine development and bionic bomb-sniffing locusts. He joined The Week in 2013, spending five years editing the magazine’s website. Before that, he was deputy digital editor at The Sunday Times. He has also been TheTimes.co.uk’s technology editor and the launch editor of Wired magazine’s UK website. Holden has worked in journalism for nearly two decades, having started his professional career while completing an English literature degree at Cambridge University. He followed that with a master’s degree in journalism from Northwestern University in Chicago. A keen photographer, he also writes travel features whenever he gets the chance.
-
Can AI tools be used to Hollywood's advantage?
Talking Points It makes some aspects of the industry faster and cheaper. It will also put many people in the entertainment world out of work
By Anya Jaremko-Greenwold, The Week US Published
-
'Paraguay has found itself in a key position'
Instant Opinion Opinion, comment and editorials of the day
By Justin Klawans, The Week US Published
-
Meet Youngmi Mayer, the renegade comedian whose frank new memoir is a blitzkrieg to the genre
The Week Recommends 'I'm Laughing Because I'm Crying' details a biracial life on the margins, with humor as salving grace
By Scott Hocker, The Week US Published
-
Will Donald Trump wreck the Brexit deal?
Today's Big Question President-elect's victory could help UK's reset with the EU, but a free-trade agreement with the US to dodge his threatened tariffs could hinder it
By Harriet Marsden, The Week UK Published
-
What is the next Tory leader up against?
Today's Big Question Kemi Badenoch or Robert Jenrick will have to unify warring factions and win back disillusioned voters – without alienating the centre ground
By Harriet Marsden, The Week UK Published
-
What is Lammy hoping to achieve in China?
Today's Big Question Foreign secretary heads to Beijing as Labour seeks cooperation on global challenges and courts opportunities for trade and investment
By Harriet Marsden, The Week UK Published
-
Tax plans spell trouble in the North Sea
Talking Point Labour’s tax plans are whipping up a storm. Are the worries of opponents justified?
By The Week UK Published
-
Is Britain about to 'boil over'?
Today's Big Question A message shared across far-right groups listed more than 30 potential targets for violence in the UK today
By Sorcha Bradley, The Week UK Published
-
UK's Starmer slams 'far-right thuggery' at riots
Speed Read The anti-immigrant violence was spurred by false rumors that the suspect in the Southport knife attack was an immigrant
By Peter Weber, The Week US Published
-
How could J.D. Vance impact the special relationship?
Today's Big Question Trump's hawkish pick for VP said UK is the first 'truly Islamist country' with a nuclear weapon
By Harriet Marsden, The Week UK Published
-
The Tamils stranded on 'secretive' British island in Indian Ocean
Under the Radar Migrants 'unlawfully detained' since 2021 shipwreck on UK-controlled Diego Garcia, site of important US military base
By Harriet Marsden, The Week UK Published