Brit Award Stars Hit By Tax Shock.
26 February 2007
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Brit Award Stars Hit By Tax Shock.Brit Awards Stars Facing £6,000 Goodie Bag Tax Bills Stars who presented awards or performed at the Brit Awards earlier this month (FEB07) are facing tax bills of up to £6,000 ($11,780) for the goodie bags they received.Performers at the London ceremony, including the RED HOT CHILI PEPPERS, OASIS and AMY WINEHOUSE, and awards presenters such as STEVEN TYLER, ERIN O'CONNOR and SOPHIE ELLIS-BEXTOR are liable to pay tax on the £15,000 ($29,460) worth of free gifts they were given.The bags featured a variety of luxury goods including UGG boots, Damaris silk underwear and a Nintendo Wii games console.A spokesman for the UK's Inland Revenue says, "Gifts can be taxable if they are given on condition of the recipient's profession or work. So if the Brits gifts were only given to presenters and performers, then they will have to pay tax on them."A Brits insider says, "They may earn a lot but £6,000 for stuff they didn't even ask for seems a bit steep. The organisers had no idea. It is all a bit embarrassing really."The Academy Awards withdrew goodie bags from last night's (25FEB07) ceremony in Los Angeles after the US tax department announced they would be subject to tax.0Comments | Be the first to comment!
