Kaylah Walton
The famous actor Rupert Grint, recognized for his role as Ron Weasley in the iconic movie series, is facing scrutiny from the British tax authorities. He has been ordered to pay £1.8 million, roughly 2.1 million euros, following a court ruling against him.
The case arose from an investigation into his tax filings for the 2011-2012 fiscal year. This audit examined payments he received for “potential residual income and bonuses” related to the final installments of the Harry Potter series. During this time, Grint earned approximately 5.4 million euros through a business operation he managed.
The business reported only 10% of its profits, claiming these funds were subject to capital gains tax. However, the UK tax authorities contended that a maximum tax rate of 52% should apply.
The reasoning behind this rate is that, as stated by British tax officials, any gains converted to capital must be taxed at the maximum rate of 52%.
Recurring Tax Issues for Grint
This is not Rupert Grint’s first encounter with tax troubles; back in 2016, he was also required to pay one million pounds (about 1.16 million euros) for previous instances of tax evasion during 2009 and 2010, where he sought to escape a proposed 10 percent tax increase imposed on high earners.
Reports indicate that the actor earned around 29 million euros from his involvement in the popular wizarding series. However, a reporting mistake during those two years meant that the 40% to 50% increase that should have applied for someone in his financial bracket was not accounted for. This marks the second significant issue he has faced with the tax authorities in the UK.
