Questions raised over whether George Clooney paid customs duty on engagement ring
You can’t put a monetary value on love, but George Clooney could be shelling out big time for his long distance fiancée’s engagement ring.
Hollywood heart throb George Clooney (53) may face a tax bill from the United Kingdom after his fiancée Amal Alamuddin landed on home soil wearing her costly engagement ring.
George popped the question to human rights lawyer Amal (36) in California in April, after decades of being Hollywood’s most high profile bachelor.
When Amal was seen recently at Heathrow Airport with the seven-carat emerald cut ring, speculation grew over whether George or Amal had paid the relevant tax.
According to the UK’s tax authority, HM Revenue & Customs, any Britons who arrive from non-EU countries must pay customs duty and import VAT on goods or jewelry bought outside the country that exceed the value of €480.
Duty for the diamond sparkler in question could set George back over €12, 800. He would also be liable for import VAT of 20% of the ring’s value.
The Telegraph has reported that the overall bill could ring in at a staggering €115, 535.
Representatives for George have refused to comment on the matter.
A spokesman for HM Revenue & Customs also neglected to comment but insisted:
“Everyone has to pay tax on what they owe. If a UK taxpayer comes back into the country with certain goods, then there is duty to pay on those goods”.