The actor Rupert Grintfamous for playing Ron Weasley, the best friend of ““Harry Potter”faces a high penalty of 1.8 million pounds (about $2.3 million)after losing a trial with the British tax authorities.
Authorities accused him of using a financial loophole to try to reduce his tax payments.
A British judge ruled that the actor must pay 1.8 million pounds (about $2.3 million) to the United Kingdom tax agency, after incorrectly classifying his residual payments from the series of his famous films as a security asset. capital rather than income, the Associated Press reported.
They claim that in 2019 they began investigating Grint’s 2012 tax return and authorities found that at that time the actor had incorrectly classified £4.5 million in income from Harry Potter DVD sales, television syndication, rights. transmission and other sources in an attempt to pay a lower tax rate.
During the judicial process the British tax agency cited the “Beatles clause”, comparing the tax loophole to a strategy the Beatles tried to use in the ’60s when they formed a company and sold the rights to their music to pay capital gains tax instead of income tax.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
