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Posted Fri, 09 Aug 2024 14:20:26 GMT by J G
Hi, I've got a question about reporting foreign dividends (dividends that have been earned from a foreign company and received on an bank account abroad) on a tax return. First, in which section of the return are we supposed to enter that amount? If we earned less than £2,000 of dividends, will the box 'foreign dividends (up to £2,000)' in the 'interests and dividends from UK banks and building societies' section be okay (instead of the foreign section?)? Secondly, what are we supposed to indicate in box 7 'tax taken off dividends', the equivalent of the income tax that has already been paid abroad only? What about 'social contributions' (the dividends in question are French and 2 kinds of taxes are automatically removed from them by the French authorities : income tax and social contributions... which one - or both - do we indicate in box 7?)? Many thanks,
Posted Tue, 20 Aug 2024 15:10:23 GMT by HMRC Admin 10 Response
Hi
In order to claim foreign tax credit relief, declare them under the foreign page. It is only the income tax that can be claimed.

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