Dividend Withholding Tax

Hi, can you please tell me if I need to include the witholding tax when declaring my dividends on a tax return or do I just use the amount payable ? Thank you

Hi

You will declare it as part of the foreign income and if UK tax is also due you can claim relief for the foreign tax paid, please see - Tax on foreign income

Thank you

Thanks for the reply. I have noticed the foreign section is a paper copy and not available to fill out online. The witholding tax is for £1.85 and is from a Santander dividend only. Can I not fill out the foreign dividend section for this ? if not what do I do ? thank you

Hi Puddle Splash,
The foreign section is available online, you need to tailor your return at section 3 to say "yes" to having foreign income and you want to claim Foreign Tax Credit Relief,
Thank you. 

Just to be sure, when I add together my foreign dividends, do I add the amount payable plus the withholding tax, or is it just the amount payable ? Thank you

Hi,

You would use the gross figure for dividends, which is the net figure plus witholding tax on SA106. Column D is the witholding tax Column E is to claim foreign tax credit relief and colum F is the gross figure.  

Have a look a the note for box 5 on page FN6.  

Foreign notes (2022-23)

Thank you.

Ok, so the dividend net figure amount, will be in the amount payable section after withholding tax has been deducted, is that correct ? thank you

Hi Puddle Splash,
That is correct.
Thank you.

Hi, I have been paying WHT on dividends (NL) for years with no clear way of reclaiming it. I assumed (wrongly it seems) that this was taken into account when I completed my SA forms and the tax calculated...can you point me in the right direction of info for this...in laymans terms not the overly wordy and complicated tax specialist pages. Secondly, I am looking at buying shares in BHPB on the LSE but it is an Australian company listed on multiple exchanges. Is div WHT applicable in this case - if so I think I might just steer clear. Many thanks, 

Name removed admin 

Hi steveML,
You would need to amend your tax returns to claim a Foreign Tax Credit Relief.
As we are now in a new tax year, you can only amend tax returns for 2022 to 2023 and 2023 to 2024.
For tax years 2020 to 2021 and 2021 to 2022, you will need to submit an overpayment relief claim, in writing.
You will need to follow the guidlines here to make your claim:
SACM12150 - Overpayment relief: Form of claims
We regret that it is now too late to claim for tax years 2019 to 2020 and earlier, as they are now out of date for repayment purposes.
Thank you.