Skip to main content

This is a new service – your feedback will help us to improve it.

Posted Sat, 27 Jan 2024 14:26:00 GMT by
I have a working sheet that includes figures Filling in the Foreign Tax Credit Relief Working Sheet (FTCRWS) Allowance previously claimed (use in Box B): £ 12,570.00 Part 1: Calculate taxable income after an item of foreign income is removed Total non-savings income (use in Box TC1): £ 9,695.00 Total lump sum payments (use in Box TC2): £ 0.00 Total savings income (use in Box TC3): £ 0.00 Total dividends (use in Box TC4): £ 0.00 Total gains on life policies (use in Box TC5): £ 0.00 Total income: £ 9,695.00 Total deductions and allowances (use in Box TC16): £ 12,570.00 Part 2: Allocate remaining income to tax bands Allocate taxable non-savings income to tax bands (basic rate band) (use in Box TC34): £ 0E-8 Part 3: Calculate Income Tax due on remaining income There are no figures used to calculate your foreign tax credit relief from Part 3. Part 4: Calculate foreign tax credit relief on this item of income Deficiency Relief (use in Box TC102): £ 0E-10 Top slicing relief (use in Box TC103): £ 0.00 Venture capital trust share subscriptions (use in Box TC104): £ 0.00 Enterprise investment scheme share subscriptions (use in Box TC105): £ 0.00 Seed Enterprise Investment Scheme (use in Box TC106): £ 0.00 Community investment tax relief (use in Box TC107): £ 0.00 Social Investment Tax relief (use in Box TC108): £ 0.00 Maintenance or alimony payments (use in Box TC109): £ 0.00 Married couple's allowance (use in Box TC110): £ 0.00 Married couple's surplus allowance (use in Box TC111): £ 0.00 Tax treated as paid on stock dividends (use in Box TC116): £ 0.00 Tax credits on foreign dividends (use in Box TC117): £ 0.00 Income tax due before foreign tax credit relief (use in Box TC122): £ 0.00 This was for2 employment income in Australia I cannot find any form /calculation sheet that refers to Box B , TC1 TC 2 etc they are all different- refer to FTC and do not match the descriptions. Can someone please provide a link to a correct form or let me have a calculation. I will be forever grateful
Posted Wed, 31 Jan 2024 08:42:13 GMT by HMRC Admin 19 Response
Hi,

The worksheet link is within the following guidance:

Relief for Foreign Tax Paid 2023 (HS263) Updated 6 April 2023

Thank you.

You must be signed in to post in this forum.