Tax on foreign dividends

I am a tax resident in the UK and hold listed Chinese and US company shares. When I receive dividend payout from these China companies or US companies, they will charge withholding tax of 10% and 30% respectively. In other words, for every $100 dividend, withholding tax of $10 will be charged by China company and $30 charged by US company for their tax authorities. 1) Do I need to report the dividend income of $90 and $70 to HMRC for self assessment or tax return? 2) If yes for (1), can I claim any tax exemption for these reported income (total $160) as I have already been taxed in China and US? Any max amount of tax exemption?

Hi

As a UK resident you are taxed on your worldwide income.  
You would report the dividend and the tax paid, as you may be able to claim a foreign tax credit for the foreign tax paid.  
Foreign dividends are declared on SA106 (foreign) and submitted along with the main tax return.  You can find more information on self assessment tax returns at Self Assessment.

Thank you

hi HMRC, For 2022/23, I received a dividend payout from a China company of £2381 (after withholding tax 10% £265). I did file on SA106 form below: column A: CHN column B: £2646 (payout £2381 + withholding tax £265) column C: £265 (withholding tax) column E: X (to claim foreign tax credit relief) column F: £2646 However, SA302 tax calculation ignores my request claim foreign tax credit relief, which means I paid both China withholding tax and HMRC double taxed my dividends before £2646 withholding tax. Could you please check I have been double taxed? If yes, how shall I claim back my overpaid tax?

Hi jj tax,
You will need to contact HMRC direct for your record to be accessed on 0300 200 3310.
Thank you.

thanks for your reply. Think I put the figures in a wrong way so that HRMC taxed my dividends before £2646 withholding tax. For 2022/23, I received a dividend payout from a China company of £2381 (after withholding tax 10% £265). How/where should I put the figures on SA106, to claim FTCR? Thanks in advance.

hi HMRC, I just filed 2023/24 self assessment for this scenario online. The calculation said I dont need to pay any. So I believe HMRC overlooked my FTCR request. As I filed 2022/23 on paper, how shall I claim back my overpaid tax? Thanks in advance.

Hi jj tax,
You need to show this on the SA106. enter the full dividend received and on the first box of the SA106, show the Foreign Tax Credit Relief that you are claiming.
Thankyou. 

hi HMRC, I just filed 2023/24 self assessment for this scenario online. The calculation said I dont need to pay any. So I believe HMRC overlooked my FTCR request. As I filed 2022/23 on paper, how shall I claim back my overpaid tax? Thanks in advance.

Hi jj tax,
For 22/23, you will need to submit an amendment in writing and send this to:
HMRC PAYE & Self Assessment
BX9 1AS
Thank you.