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Goddamn it! Rupert Grint has to pay the UK a significant amount in income taxes.
According to the Associated Press, the actor who played Ron Weasley in Harry Potter now owes £1.8 million ($2.3 million) to the tax agency His Majesty’s Revenue and Customs (HMRC) because of residuals from the wizarding series.
A request for comment from Entertainment Weekly was not immediately answered by Grint’s representatives.
After the HMRC revealed that Grint had misclassified £4.5 million in Potter residuals as a capital asset rather than income, he was have to pay extra taxes in 2019. Judge Harriet Morgan finally ruled with the HMRC when Grint’s attorneys challenged that ruling, ruling that the star’s residuals, which mostly come from the selling of the eight Harry Potter films on TV and DVD, are in fact income and not just a capital asset.
The actor founded Clay 10 Limited in 2011 and sold his remaining rights to the business as capital in an effort to reduce his taxable income, according to The Telegraph. According to a December 2023 filing, Clay 10 had more than £27 million ($34 million) in equity as of March 2023.
In response, HMRC invoked the “Beatles clause,” which basically asserts that Grint tried to take advantage of the same tax loophole that the Beatles attempted to utilize in the 1960s when they formed a business and sold their song rights to it in order to pay a far lower capital gains tax rather than income tax.
