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.
Leicester have named Manchester United legend Ruud van Nistelrooy as their new manager, penning a contract until the summer of 2027.It comes days after the Dutchman was beaten to the Coventry job by Frank Lampard, who has signed as the Sky Blues' new head coach.Van Nistelrooy had quickly become Leicester's top choice to succeed Steve Cooper, who was axed earlier this week following a 2-1 defeat to Chelsea.Graham Potter had […]
Post comments (0)