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Posted Thu, 26 Dec 2024 16:17:00 GMT by Newbie on tax
Assume that I received foreign dividend of £500 [before any tax] And there was a foreign withholding tax of £75 deducted So the net amount of dividend I received was £425. What should I fill to the below entries? Foreign dividends (up to £1,000) – the amount in sterling after foreign tax was taken off. Do not include this amount in the ‘Foreign’ pages Tax taken off foreign dividends.
Posted Mon, 13 Jan 2025 15:41:27 GMT by HMRC Admin 8 Response
Hi,
The guidance for Box 6 Foreign dividends (up to £1,000) advises, if your only foreign income was any interest in box 3 and dividends up to £1,000 and you’re claiming deduction relief, put the net amount of foreign dividends (in UK pounds) in box 6.
Put the foreign tax taken off in box 7.
If your total dividend income (including UK and foreign dividends) is over £1,000 and you’re eligible to claim deduction relief or Foreign Tax Credit Relief, do not include the foreign dividend in this box. Complete the ‘Foreign’ pages instead.
Thankyou.

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