Harry Potter actor, Rupert Grint aka Ron Weasley has lost a big chunk of change following a dispute over his taxes.
New reports claim a tax tribunal judge ordered the 27-year-old actor to pay $1.3 million (N418m) after rejecting his appeal against the Customs block regarding a change in his accounting dates to shield his earnings – a total of $31.2 million from the Harry Potter franchise – from a high tax rate.
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The judge said Grint followed advice from tax advisers Clay & Associates to change his accounting date so that 20 months of income would be taxed in 2009-2010.
The judge said in her ruling that he had made it clear ‘he placed his faith in his father and accountants to deal with his financial affairs.’
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This prevented eight months’ worth of income from being taxed in the 2010-2011 year, during which the top rate of tax rose from 40% to 50%.
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