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  • RE: Self Assessment - Dividends Allowance Missing?

    I thought I had the same problem but I see what the confusion is. When you view your calculation, the "total income on which tax is payable" includes both interest from banks and dividends. But below that, under the heading "how we have worked out your income tax", if you add up the amounts in each tax band you'll see they have excluded both "interest" and "dividends" from the total. Below that, they state that tax on (small amounts of) interest is at 0% - they could have specifically done the same for (small amount of) dividends as well but don't actually list it.