"Harry Potter" star Rupert Grint can't make £1.8 million tax bill magically disappear

Showtimes

News

"Harry Potter" star Rupert Grint can't make £1.8 million tax bill magically disappear

Get all the latest updates right on your phone. Join our Telegram channel.

Writer: Heidi Hsia

Magic can't save you this time, Ron

Magic can't save you this time, Ron

2 Dec - Harry Potter fans are saying "No, Ron, no!" to Ron Weasley actor Rupert Grint, after the actor was revealed to now owe £ 1.8 million in tax bill after losing his tax battle against His Majesty's Revenue and Customs (HMRC) tax agency.

The actor filed for an appeal following the judgment in 2019 that he had incorrectly classified £ 4.5 million in Potter residuals as a capital asset instead of income, but that the appeal judge has now sided with HRMC.

Judge Harriet Morgan determined that the star's residuals, which stemmed mostly from TV and DVD sales of the eight "Harry Potter" films, are considered income and not merely a capital asset.

The Beatles clause states if you convert your earnings into capital they are taxed as income in any case

The Beatles clause states if you convert your earnings into capital they are taxed as income in any case

Grint did the mistake that the Beatles did in the past, when the band set up a company to hold their music rights and converted their earnings into capital gains. This enabled them to be taxed at a much lower rate of 30 percent.

The actor did this by establishing the company Clay 10 Limited in 2011, selling his residual rights to the company as capital.

In 2007, HRMC enshrined "the Beatles clause", which prevents entertainers from converting high-tax income into lower-tax capital.

Hermione be like,

Hermione be like, "What did you do, Ron?"

Cinema Online, 02 December 2024

Related Movies:

Harry Potter And The Deathly Hallows: Part 2 (23 Oct 2025)

Harry Potter And The Deathly Hallows: Part 1 (17 Oct 2025)

Harry Potter And The Half-Blood Prince (05 Sep 2025)

Harry Potter And The Order Of The Phoenix (05 Sep 2025)

Harry Potter And The Goblet Of Fire (20 Mar 2025)

Harry Potter And The Prisoner Of Azkaban (13 Mar 2025)

Check out all the latest movie trailers here.

Related Links:

Harry Potter's house is now up for sale!

Harry Potter's house is now up for sale!
The Dursley house in the "Harry Potter" movies is up on the market for USD620,000

"Harry Potter" stars pay tribute to Dame Maggie Smith

"Harry Potter" stars pay tribute to Dame Maggie Smith
Daniel Radcliffe, Rupert Grint and Tom Felton among those who express sadness over the loss

"Harry Potter" alumnus Michael Gambon passed away

"Harry Potter" alumnus Michael Gambon passed away
The actor most known as Professor Albus Dumbledore passed away at 82

Original "Harry Potter" cast members lend voices to mobile game

Original "Harry Potter" cast members lend voices to mobile game
Michael Gambon, Maggie Smith among those featured in "Harry Potter: Hogwarts Mystery"

Harry, Ron and Hermione reunite for "Harry Potter 20th Anniversary"

Harry, Ron and Hermione reunite for "Harry Potter 20th Anniversary"
Daniel Radcliffe, Emma Watson, and Rupert Grint return to Hogwarts for a retrospective

Attend Hogwarts in the new "Harry Potter" mobile game

Attend Hogwarts in the new "Harry Potter" mobile game
In 2018, a new role-playing game will let players experience life at the wizarding school

New augmented reality game to focus on "Harry Potter"

New augmented reality game to focus on "Harry Potter"
After "Pokemon GO", a new game on the Wizarding World will soon come our way

Harry Potter park opens in Japan

Harry Potter park opens in Japan
Actors Evanna Lynch and Tom Felton from the movie franchise attended the grand opening at Universal Studios Japan

Harry Potter Tribute

Harry Potter Tribute
'Apparate' back to the 10-year magical saga as the boy wizard & You-Know-Who's final battle looms ahead. Ready? Wands up!

Train ride for Potter fans!

Train ride for Potter fans!
Fans who have not gotten over the end of the "Harry Potter" franchise will be able to experience an ETS ride home now

Harry Potter attraction turns evil

Harry Potter attraction turns evil
Warner Brothers Studio Tour in London adds new section to Studio's current tour for the Dark Arts side of "Harry Potter"

Harry Potter theme park in Japan!

Harry Potter theme park in Japan!
The Wizarding World of Harry Potter similar to the one in U.S. will open at Universal Studios Japan this 15 July 2014

Relive the world of magic with a Harry Potter concert

Relive the world of magic with a Harry Potter concert
The famous Harry Potter concert series will be arriving in Malaysia for the first time

Emma Watson gets a six-month driving ban for speeding

Emma Watson gets a six-month driving ban for speeding
The "Harry Potter" star was caught speeding at a 30mph zone in Oxford last year

HBO Max introduces the four stars to play Weasley siblings

HBO Max introduces the four stars to play Weasley siblings
The "Harry Potter" series has found their Percy, Ginny and the twins Fred and George

John Lithgow excited to create magic with Professor Dumbledore

John Lithgow excited to create magic with Professor Dumbledore
The actor confirms his involvement in the upcoming HBO "Harry Potter" series

"What's the Point?" Harry Potter director Chris Columbus questions HBO series' similar look

"What's the Point?" Harry Potter director Chris Columbus questions HBO series' similar look
"The Sorcerer's Stone" director saw how similar HBO's Hagrid is to his version

Daniel Radcliffe admits to pen a letter to the new Harry Potter

Daniel Radcliffe admits to pen a letter to the new Harry Potter
The actor told young star Dominic McLaughlin to have the best time filming the HBO series

Sophie Turner worries about "Harry Potter" kids

Sophie Turner worries about "Harry Potter" kids
The actress shares her own experience dealing with social media following the success of "Game of Thrones"

Warwick Davis returns to the "Harry Potter" world

Warwick Davis returns to the "Harry Potter" world
The actor will reprise his role as Professor Flitwick in the HBO series

Dominic McLaughlin on letter from Daniel Radcliffe: I was going mad!

Dominic McLaughlin on letter from Daniel Radcliffe: I was going mad!
The young "Harry Potter" actor admits that he was elated to receive support from the old Harry Potter

Paapa Essiedu receives death threats after "Harry Potter" casting

Paapa Essiedu receives death threats after "Harry Potter" casting
The actor is the new Severus Snape in the HBO series-remake of the hit fantasy book series

Paapa Essiedu stepping into Alan Rickman's iconic role as Professor Snape in HBO's "Harry Potter"?

Paapa Essiedu stepping into Alan Rickman's iconic role as Professor Snape in HBO's "Harry Potter"?
The British actor has big shoes to fill, if so

John Lithgow to don Professor Dumbledore's robes?

John Lithgow to don Professor Dumbledore's robes?
The six-time Emmy winning actor is no stranger to playing British roles in the past

HBO's "Harry Potter" series finds their three child leads

HBO's "Harry Potter" series finds their three child leads
Newcomers Dominic McLaughlin, Arabella Stanton and Alastair Stout star as Harry, Hermione and Ron

Draco Malfoy is the trend this Chinese New Year

Draco Malfoy is the trend this Chinese New Year
The Harry Potter antagonist's Chinese name seems to suit the Year of the Horse

HBO unveils first photo of the new Harry Potter

HBO unveils first photo of the new Harry Potter
Child actor Dominic McLaughlin begins his journey as the new Boy Who Lived

Latest News:
See All News

Mason Thames joins the "John Wick" universe in "Caine"

Mason Thames joins the "John Wick" universe in "Caine"
The actor's role in the film is currently being kept a secret

One died, four injured in an accident on the set of SJ Suryah's "Killer"

One died, four injured in an accident on the set of SJ Suryah's "Killer"
A gas cylinder exploded during the shoot of a bomb blast scene, killing a stunt technician

Aamir Khan to marry Gauri Spratt in a private July ceremony

Aamir Khan to marry Gauri Spratt in a private July ceremony
Despite his earlier reservations, the Bollywood icon will be tying the knot again

Zack Snyder to helm a new version of "Escape from New York"

Zack Snyder to helm a new version of "Escape from New York"
The director will also pen and produce the reimagining of the 1981 film

"Kala Hiran" producer says movie is not a "Salman Khan biopic"

"Kala Hiran" producer says movie is not a "Salman Khan biopic"
The producer responds to the legal notice sent by the actor over rumours it was about his poaching case

"Tarung: Unforgiven" rakes RM23.3 million at the box office

"Tarung: Unforgiven" rakes RM23.3 million at the box office
The movie has been doing very well since its release in early May

Showtimes