THREAD: frankie dettori
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FRANKIE DETTORI’S TAX Troubles: The Risk of Trusting Advisors
— Italian jockey FRANKIE DETTORI is working with Britain’s tax authorities after losing a legal fight to keep his name private in a tax dispute. His case involves HM Revenue and Customs (HMRC), which denied him certain income tax deductions. A judge initially granted him anonymity, but this was overturned on Monday.
Dettori expressed frustration, saying he relied on professional advisers who assured him their financial structure was HMRC-approved. However, HMRC later challenged this setup, leading to the current dispute. Dettori has since dismissed his former advisers and hired new ones to address the issue quickly.
Hui Ling McCarthy, representing HMRC, emphasized that public figures like Dettori cannot avoid scrutiny simply because they prefer privacy in their affairs. The principle of open justice remains paramount despite personal preferences for anonymity in such cases.
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