Bet365 Family UK’s Largest Tax Payer With £481 Million

Bet365 owners the Coates family and the boss of the online gambling firm Denise Coates, paid £481.7 million in taxes last year to the UK exchequer according from the latest Sunday Times Tax List.

That makes the Coates family the highest tax payer in the country for the third year in a row. However it is not the largest tax bill they have paid, back in 2020 the family had a tax bill of £573 million which so far is the largest ever tax payment to the UK as an individual or family business.

The tax payment by the owners of Bet365 dwarfs the second place payer Chris Rokos a hedge fund manager who wrote a cheque covering his tax bill of £300 million, in total the top 50 tax payers in the UK pay £3.7 billion which is up from the previous year at £3.2 billion.