Harry Potter star Rupert Grint loses £1m tax refund battle

Harry Potter star Rupert Grint loses £1m tax refund battle

Harry Potter star Rupert Grint has lost his legal bid to claim a £1m tax refund

HARRY POTTER star Rupert Grint has lost his legal bid to claim a £1m tax refund.

A tax tribunal judge rejected the actor’s appeal against HMRC decision to block his accountant’s attempts to shield his earnings from the 50p tax rate.

In June, Grint, who is thought to have made around £24m from playing Ron Weasley in the successful film series, launched an appeal in which he argued he should be in line for the refund after the taxman prevented him from employing an accounting period shorter than 12 months, from 31 July 2009 to 5 April 2010, just weeks before the new tax came into place.

The judge ruled that Grint had failed to properly document a change in his accounting date, which meant that a total of 20 months of income would fall to be taxed in 2009-2010. This would have meant than an extra eight months of income would be taxed at 40% instead of the 50% rate.

The judge stressed it was not part of HMRC’s case that Grint was involved in tax avoidance.

Share

Subscribe to get your daily business insights

Resources & Whitepapers

The importance of UX in accounts payable: Often overlooked, always essential
AP

The importance of UX in accounts payable: Often overlooked, always essentia...

2m Kloo

The importance of UX in accounts payable: Often ov...

Embracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...

View article
The power of customisation in accounting systems
Accounting Software

The power of customisation in accounting systems

2m Kloo

The power of customisation in accounting systems

Organisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...

View article
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y Accountancy Age

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
8 Key metrics to measure to optimise accounts payable efficiency
AP

8 Key metrics to measure to optimise accounts payable efficiency

2m Kloo

8 Key metrics to measure to optimise accounts paya...

Discover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...

View article