Harry Potter star Rupert Grint ordered to pay £1.8m in tax | UK News

November 29, 2024
2,433 Views

Former Harry Potter star Rupert Grint has been ordered to pay £1.8m in tax.

The Ron Weasley actor lost a legal battle with HM Revenue and Customs in 2019 and was ordered to pay the sum following an investigation into his tax return from the 2011-12 tax year.

Grint had received a £4.5m sum from a company which managed his business affairs as “consideration for rights, records and goodwill” from his work, which he claimed was a “capital asset” and therefore the subject of capital gains tax.

But HMRC argued the fee should have been classed as income and after the investigation Mr Grint was told he needed to pay an additional £1,801,060 in tax.

Lawyers for Mr Grint appealed against HMRC’s decision at a hearing in the First-Tier Tribunal in London in November and December 2022.

They argued the right amount of tax had been paid.

But in a ruling Tribunal Judge Harriet Morgan dismissed the appeal.

She found the sum “is taxable as income” and said the money “derived substantially the whole of its value from the activities of Mr Grint”, which was “otherwise realised” as income in the 2011/12 tax year.

Read more:
Casting opens for next Harry, Ron and Hermione for TV adaptation

Harry watercolour for first book fetches wizard price

Pic: Collection Christophel/Warner Bros/Alamy
Image:
Harry Potter stars Daniel Radcliffe, Emma Watson and Rupert Grint. Pic: Collection Christophel/Warner Bros/Alamy

Grint was 12 years old when he starred in Harry Potter And The Philosopher’s Stone, in 2001.

He is calculated to have earned around £24m for playing Ron Weasley.

Grint lost a separate court battle concerning a £1m tax refund in 2019.

Source link

You may be interested

Wealthy Americans are still ducking the IRS crackdown on non-filers
Business
shares2,396 views
Business
shares2,396 views

Wealthy Americans are still ducking the IRS crackdown on non-filers

new admin - Dec 07, 2024

[ad_1] WASHINGTON — Tens of thousands of wealthy Americans are not complying with recently revamped Internal Revenue Service efforts to get them…

Syrian rebels advance in push to take capital city of Damascus
Top Stories
shares2,384 views
Top Stories
shares2,384 views

Syrian rebels advance in push to take capital city of Damascus

new admin - Dec 07, 2024

Syrian rebels advance in push to take capital city of Damascus - CBS News Watch CBS News Syrian rebel forces…

AI startups are snatching up San Francisco offices, using Zoom fatigue to recruit talent
Business
shares3,792 views
Business
shares3,792 views

AI startups are snatching up San Francisco offices, using Zoom fatigue to recruit talent

new admin - Dec 07, 2024

[ad_1] When Noah Jackson began his search for a new software engineering job at the start of 2024, there was…