Sir Jim Ratcliffe, the billionaire founder of Ineos and co-owner of Manchester United, reportedly paid £0 in UK personal income tax for the 2024/2025 financial year.

Tax Background

Ratcliffe relocated his tax residency to Monaco in 2020, a tax haven with no income or property taxes, which reportedly saved him billions in UK liabilities. Before this move, he was among Britain's top individual taxpayers, paying £110 million in 2017-18. His companies, like Ineos (now headquartered in Switzerland), still contribute corporation tax and VAT in the UK, plus jobs for thousands.

Recent Controversy

Viral social media posts from early 2026 claim Ratcliffe paid £0 in UK tax in 2025, contrasting it with £17 billion from immigrants—figures echoed on Instagram, LinkedIn, Facebook, and X. These are unverified "fact checks" tied to Ratcliffe's Sky News comments on UK immigration, sparking debates on fairness. Critics note immigrants' net contributions vary by study (e.g., £15-25 billion annually), while supporters highlight his business taxes and employment impact.

Key Perspectives

  • Critics' View : Highlights hypocrisy of a UK critic of immigration avoiding personal taxes via Monaco/Switzerland moves.
  • Defenders' Point : He pays indirect taxes (VAT, corporation tax) and boosts economy via Ineos; personal residency is legal.
  • Neutral Fact : No official 2025 UK tax records are public yet; claims stem from his known domicile change.

Aspect| Pre-2020 (UK Resident)| Post-2020 (Monaco)
---|---|---
Personal Income Tax| High (£110m in 2018) 7| £0 reported 19
Business Taxes/Jobs| Ongoing via Ineos 2| Ongoing, HQ in Switzerland 10
Potential Savings| N/A| Up to £4bn lifetime 69

TL;DR : £0 personal UK tax in 2024/25 per viral claims, due to Monaco residency since 2020—though businesses pay taxes.

Information gathered from public forums or data available on the internet and portrayed here.