BlueCrest Slams UK as Bad for Business After Top Court Tax Loss

Britain is 'no longer a serious contender', says billionaire hedge fund tycoon

Billionaire Michael Platt’s hedge fund, BlueCrest Capital Management, has criticised the UK’s business environment after losing a Supreme Court tax dispute with HM Revenue & Customs (HMRC).The loss leaves the firm facing a bill of almost £200million.The Supreme Court unanimously ruled in HMRC’s favour, concluding BlueCrest is liable for around £143million in income tax and more than £55million in National Insurance contributions.The case centred…

BlueCrest says UK no longer a serious place to do business after court loss

On Wednesday, the firm lost a roughly four-year legal battle about how payouts for hedge fund traders should be taxed.

BlueCrest Slams UK as Bad for Business After Top Court Tax Case Loss

Michael Platt’s BlueCrest Capital Management said the UK is “no longer a serious contender” as a place to do business after the firm lost a £200 million ($265 million) UK Supreme Court ruling over how some of its senior traders should be taxed.

BlueCrest warns UK's tax regime undermines confidence in the UK for global investment - London Business News

Billionaire hedge fund manager Michael Platt has suffered a major legal and financial setback after his firm BlueCrest Capital Management lost a Supreme Court battle with HM Revenue & Customs,… The post BlueCrest warns UK’s tax regime undermines confidence in the UK for global investment appeared first on London Business News

BlueCrest loses Supreme Court appeal in £200m UK tax case

BlueCrest Capital Management has lost its appeal before the UK Supreme Court in a landmark tax dispute over the application of the UK’s salaried members rules, a ruling expected to influence partnership structures across the hedge fund industry, according to the FT. The court unanimously upheld HM Revenue & Customs’ position that most members of BlueCrest’s limited liability partnership should be treated as employees rather than self-employed pa…

BlueCrest Slams UK as Bad for Business After Top Court Tax Loss

Michael Platt’s BlueCrest Capital Management said the UK is “no longer a serious contender” as a place to do business after the firm lost a £200 million ($265 million) UK Supreme Court ruling over how some of its senior traders should be taxed.