London: British actor Rupert Grint, who rose to fame after playing the character of Ron Weasley in the Harry Potter films, has been ordered to pay $2.3 million (Rs 19 crore) after losing a long-running dispute with the UK tax authorities.
It all started with Grint’s tax filings for 2011-2012 financial year being investigated by HM Revenue and Customs (HMRC), the country’s tax agency.
The tax agency pointed out that Grint had wrongly classified around $5.7 million in earnings from residuals of Harry Potter films — including DVD sales, TV rights and streaming royalties — as capital asset. Such erroneous classification attracted a lower tax rate.
Grint contested HMRC’s ruling. The case dragged on for more several years, before Judge Harriet Morgan ruled against Grint earlier this week.
Stating that the income “derived substantially the whole of its value from the activities of Mr Grint”, the judge said ruled that it must taxed as income.
The ruling in the case, which was going on since 2019, reinforces HMRC’s stance on the taxation of earnings from entertainment and intellectual property rights.
Lucknow: After a man in Uttar Pradesh lodged a complaint with police alleging that his…
Bhubaneswar: The Youth Pravasi Bharatiya Divas was inaugurated by Union Ministers S Jaishankar, Mansukh Mandviya,…
New York: Sharing a distorted map of Canada as part of the United States, US…
Bhubaneswar: A man was allegedly hacked to death by four to five miscreants on Rasulgarh…
Bhubaneswar: A day before the Pravasi Bharatiya Divas kicks off here, the Global Organization of…
Bhubaneswar: The Capital Region Urban Transport (CRUT) on Tuesday announced launch of two new services…
This website uses cookies.