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'Harry Potter's Rupert Grint Loses $1.3 Million Tax Refund Case

'Harry Potter's Rupert Grint has failed in an attempt to shield his hefty earnings from a higher tax rate.

A tax tribunal judge has rejected Grint's appeal against a block on him using a change in accounting dates to avoid the higher 50% tax rate introduced in 2010-11.

This after his accounting firm, Clay & Associates, tried to move eight months of income from the franchise into the 2009-2010 tax year, when the top rate of tax was 40%.

Grint, who began acting in the films at age 12, earned a total of $31.2 million from the 'Harry Potter' franchise, playing Ron Weasley, the boy wizard's best friend.

During the hearing, Grint admitted that his knowledge of his financial affairs was "quite limited", and that he left his tax returns to his father Nigel and his accountant Dan Clay.

August 10, 2016 |

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