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Yes, but Somerset Capital Management is an LLP which means they defer taxation to the discretion of individual members. I.e Each person gets to decide how and where they pay their tax.
Its worth noting that SCM LLP has never paid Corporation Tax or NICS to my knowledge.
The interesting bits will (or won't) be in JRM's tax returns.
Stonehedge
@aggi
It made £14.5m in profit in the last accounts
https://s3-eu-west-1.amazonaws.com/document-api-images-prod/docs/bMUoNtl_Kb_bOAPUGaD6v1Ye-lhiZ3MsOclyZIpjO78/application-pdf?AWSAccessKeyId=ASIAIAMSODKXGTY7FB5A&Expires=1500973617&Signature=i5oEf5ecP26t%2BYyFuHklJxwEWo0%3D&x-amz-security-token=FQoDYXdzEP%2F%2F%2F%2F%2F%2F%2F%2F%2F%2F%2FwEaDG9BCzpMw4woomAimiK3AxiHyE8lD6RHFZh%2Fbynwf%2FTvPEhE5zeTDS8RRa34M8UNGn10Ota8cC0oNTGTS%2BpBAokCWViTv3cb9YVkqU5C2xo%2Bt4ebTGKKuu6xd84rIlonmXdq31iS3aKy6nhsBAnW%2BXDHDdXbQo8ibi2EsJZoMe7eMH1DgKyyl2bLLBJ%2BfFERYHTNVb30LDzeztbUAndb1zGcDqZW%2BhXqDO782dZmLCSSbLeyuag%2BR0u1XAHsFnijfgzV4Zz8m0bsXv6J8%2BK80bdWU7JJG9ikELRnUJPEEsrU5OUdp2R%2FdQgcGNmv4G7x0YrKz%2BcKaKByMUgfbSwUemnfJRGL%2BdpHADtHWJnI5eJJVQDFy8X7XJ7do6%2FyUIOV9IWvjwBmuGOuhNYI41XZKIW1hQEBqHCujFfo%2FotjnGV83SFA7aE9%2BvO7%2BtWXwK9aVdawb2NbcuQNCireNfoV5JHERooMttxcH290VZbu4fySQrCTGFzwlF2FjnUz0mxMN3IvsRzxtfdmqIqbXcHw0QzRxMRHk6Bm9mcuUPef00utiF9jsLYNYyb%2F31J1%2BJz%2Byg%2B26%2Ff%2BWOTvXFSaUl44fj7lG%2FI1lN8owb7bywU%3D
Although if you read closely you'll see that the £6m of costs were paid to a company owned by Jacob Rees Mogg and a few others, and another £4m of costs were salaries ...