PDA

View Full Version : The HMRC 1 Million Pound Refund Man



MrMarkyMark
28th June 2016, 15:14
Should he have gone the LTD Company route ?

https://www.theguardian.com/film/2016/jun/28/rupert-grint-sues-hmrc-over-potential-1m-refund-harry-potter-films

AtW
28th June 2016, 15:30
"HMRC is disputing Grint’s choice of accounting date and had rejected the actor’s attempt to select 5 April 2010, the year that a 50% top rate of tax was introduced. "

How did that help him reduce tax bill, if he picked period when 50% tax started?

MrMarkyMark
28th June 2016, 15:33
"HMRC is disputing Grint’s choice of accounting date and had rejected the actor’s attempt to select 5 April 2010, the year that a 50% top rate of tax was introduced. "

How did that help him reduce tax bill, if he picked period when 50% tax started?

They said Year, so I'm guessing he tried to state prior tax year, in the same year :confused:.

Platypus
28th June 2016, 15:33
"HMRC is disputing Grint’s choice of accounting date and had rejected the actor’s attempt to select 5 April 2010, the year that a 50% top rate of tax was introduced. "

How did that help him reduce tax bill, if he picked period when 50% tax started?

Because the tax year started on April 6th, 2010?

AtW
28th June 2016, 16:18
Because the tax year started on April 6th, 2010?

"The actor is objecting to a decision by tax inspectors to prevent him extending the end-date of one set of accounts from 31 July 2009 to 5 April 2010 — the eve of the new tax year in which a 50% top rate of tax came into force. "

I don't understand why that would matter for personal taxation where financial year is fixed anyway. He's obviously tried to gain tax advantage since £1 mln at stake, might have to ask my accountant ...

MrMarkyMark
28th June 2016, 16:21
"The actor is objecting to a decision by tax inspectors to prevent him extending the end-date of one set of accounts from 31 July 2009 to 5 April 2010 — the eve of the new tax year in which a 50% top rate of tax came into force. "

I don't understand why that would matter for personal taxation where financial year is fixed anyway. He's obviously tried to gain tax advantage since £1 mln at stake, might have to ask my accountant ...

Where the feck is NLUK when you really need him :mad

barrydidit
28th June 2016, 16:24
Where the feck is NLUK when you really need him :mad

Thats not a scenario we've ever encountered :laugh

MrMarkyMark
28th June 2016, 16:27
Thats not a scenario we've ever encountered :laugh

Well, extraordinary circumstances, there's a thespian involved :eyes

MarillionFan
28th June 2016, 16:29
It's all a load of Hufflepuff.

barrydidit
28th June 2016, 16:32
Well, extraordinary circumstances, there's a thespian involved :eyes

Fair point. I've met him and can say with confidence he knows a lot about thespianism.

MrMarkyMark
28th June 2016, 16:35
FTFY


Fair point. I've met him and can say with confidence he is a Jedi Master or, at the very least, Karate Kid status when it comes to thespianism.

barrydidit
28th June 2016, 16:37
FTFY

Nonsense. Think Lawrence Llewelyn-Bowen.

MrMarkyMark
28th June 2016, 16:39
FTFY


Nonsense. Think like a, pure bred, Yorkshire version of Lawrence Llewelyn-Bowen.