The wealthy businessman who paid just £35.20 in tax

BBC

A wealthy businessman who lived a life of luxury paid just £35.20 income tax, a BBC investigation has discovered. Frank Timis rented a £14,000-a-month penthouse and spent thousands dining in London’s finest restaurants. But his personal tax return for 2017 shows he paid just £35.20 in tax, after claiming that he had hardly any income from his worldwide business empire. Mr Timis’s lawyers say he has fully complied with all of his tax obligations. Documents leaked to BBC Panorama and Africa Eye also reveal how Mr Timis managed to do…

Read More