Oscars losers may attract Revenue interest
Returning Oscar stars may attract the attention of the Revenue.
The British film stars who missed out on coveted statues at Sunday’s Oscar ceremony in Los Angeles may have to cope with a further setback when they return to the UK.
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The goody bags they picked up ? worth tens of thousands of pounds ? will be liable for UK tax.
Kate Winslet, Clive Owen and Imelda Staunton were among the British stars in line for as range of gifts that included £13,000-worth of travel vouchers, a £780 night out at a New York restaurant, nearly £400-worth of make-up and an £1,800 day at a Manhattan spa.
Many of the celebrities on the Oscar shortlist or presenting awards could also have received a Dyson vacuum cleaner, a digital camera and £250 of olive oil and coffee, according to The Times.
PricewaterhouseCoopers tax partner John Whting warned that unless it’s worth less than £150, the Inland Revnue and Customs would take an interest.
‘It does sound as though they have gone a little over that,’ he told BBC Radio 4’s Today Programme.