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.
Bhubaneswar: Rain coupled with thunderstorm and lightning is likely to lash seven districts of Odisha… Read More
Mumbai: The 15-year-old Monalisa hogged the limelight because of her striking features and pleasing personality… Read More
Mumbai: After recent reports suggested that Urvashi Rautela’s scenes from Nandamuri Balakrishna’s ‘Daaku Maharaaj’ had… Read More
Dubai: Two stellar performances and some useful contributions helped India get off to a winning… Read More
Bhubaneswar: In an effort to prevent elephant fatalities on railway tracks and ensure the smooth… Read More
Bhubaneswar: Five more persons were arrested on Thursday in connection with the incident related to… Read More
This website uses cookies.
