Rupert Grint, who played Ron Weasley in the Harry Potter film series, has been ordered to pay £1.8 million in tax. The decision comes after Hamm lost a legal battle with Revenue and Customs (HMRC).
In 2019 he was asked to pay the amount after an HMRC investigation objected to one of his tax returns. Lawyers for 36- year- old Grint claimed the proceeds from a company were properly taxed as they came from capital assets. However, HMRC said the amount must be taxed at a higher rate as income.
In the 2011-2012 tax year, Grint received £4.5 million from a company that managed his business. He was the sole shareholder of this company. The amount was described as “potential residual income and bonuses from the Harry Potter films”.
Grint had argued that this amount could be paid as capital gains tax at the rate of 10%. But according to HMRC, that amount was expected to be taxed at a higher rate, ie up to 52%, in the form of income and national insurance.
In 2019, Print also fought a separate lawsuit for a £1 million tax refund, which was also rejected.
Print starred in all eight Harry Potter films between 2001 and 2011. After that, he also starred in the films Into the White and Knock at the Cabin. Also, he has worked in TV dramas and Apple TV’s Servat in the past four years.
This huge tax ruling on Grint highlights the impact of his success in the Harry Potter films and subsequent business decisions.
