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Posted Mon, 07 Apr 2025 08:30:31 GMT by Peter Jull
I have received dividends from 48 different countries so will be reporting them by a schedule. To ensure that it is presented in the right format I have tested some countries by putting them into the Dividends from Foreign Countries page. The gross income is rounded down to the nearest £ and the tax deducted rounded up to the next £. That can change the apparent % deduction. For example my Faroe Islands dividend had withholding tax of 15% deducted but after rounding it's nearer 16% and that is the only figure the page will accept without an error. My understanding is that rate of tax credit relief allowed should in this case be 15%. Your guidance please on what figures rounded/unrounded/% I should show in a schedule. For additional clarity French dividends have been deducted at 12.8% and Chile at 35%, neither of which are an available % on the drop down options. what figure should be used in these cases?
Posted Thu, 10 Apr 2025 16:26:00 GMT by HMRC Admin 20 Response
Hi, 
The tax relief will be restricted based on your level of income so the divind relief will be at the uk rates - Tax on dividends
Thank you.

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