Top Ten Accountants
The influential national head of BDO’s private client team is in demand. Paul Ayres has just experienced the busiest tax year-end in two decades, as the government implements its long-planned shake-up of the UK non-dom regime – a shake-up that’s forced ‘a lot of people to come out of the woodwork’ and review their affairs. ‘Some of them haven’t had anyone kicking the tyres – ever, probably,’ he says.
It’s a mistake HNWs can no longer afford to make (especially if, as Ayres predicts, HMRC’s crackdown is ‘really going to accelerate in the next year’): ‘I would expect someone, whether it’s a lawyer or an accountant, to keep a regular eye on what’s going on in those structures. The rules are so complex that it’s easy for something to end up being a taxable issue now.’
Lucid and approachable, Ayres began his career in banking and worked at a family office before qualifying. He specialises in all aspects of HNW and UHNW affairs, with a particular emphasis on domicile and residence issues and associated planning (he also heads BDO’s busy Russia desk in London).
Clients like the fact that he goes the extra mile: ‘Paul is an immensely talented practitioner in incredibly high demand,’ says one. ‘He understands complex issues and is brilliant at listening to client needs, translating these complex matters and proposing personal solutions.’