Harry Potter star Rupert Grint ordered to pay further £1.8m in tax
Rupert Grint, the actor known for his role in Harry Potter, has been required to pay £1.8 million in taxes.
The actor who played Ron Weasley faced a legal defeat against HM Revenue and Customs in 2019, resulting in a mandate to pay a specific amount after his tax return for the 2011-2012 tax year was scrutinized.
Grint obtained £4.5 million from a firm that handled his business dealings, which he described as payment for the rights, recordings, and reputation from his career. He argued that this amount represented a "capital asset" and should therefore be subject to capital gains tax.
However, HMRC contended that the fee should have been categorized as income. Following the investigation, Mr. Grint was informed that he owed an extra £1,801,060 in taxes.
Mr. Grint's attorneys challenged HMRC's ruling during a session at the First-Tier Tribunal in London in November and December 2022.
They claimed that the correct amount of taxes had been settled.
However, in her decision, Judge Harriet Morgan of the tribunal rejected the appeal.
She concluded that the total amount is considered taxable income and stated that the funds primarily gained their worth from Mr. Grint's activities, which were otherwise recognized as income for the 2011/12 tax year.
Check out more: Auditions are underway for the next Harry, Ron, and Hermione in the upcoming TV adaptation. A watercolor of Harry from the first book sells for an impressive amount.
Grint was just 12 years old when he appeared in Harry Potter and the Sorcerer’s Stone back in 2001.
It’s estimated that he has made approximately £24 million for his role as Ron Weasley.
Grint faced a different legal issue in 2019 regarding a £1 million tax refund and did not succeed in that case.