Appae

Hello, I would like to get some help to understand a change that has been made in my personal tax code for 2024/2025 year. I received a notification of my tax code being change from 1263L to 1177L from April 2024 (New tax year). Effectevily, there is a deduction of more than 800 pounds in my personal allowance, which it says (in the breakdown of tax code) is because dividend income. Now, I do not understan where this change is coming from, as this year and last year, I reported my dividend income to HRMC (dividend income for 2022/2023 was £2400 roughly, basic taxpayer). My tax balance for previous taxyear is settled, so I dont owe any tax from previous tax years. My only income is personal income due to work (basic taxpayer, even with dividend income) and around 2400 pounds in dividends. I cannot find out why this reduction in personal allowance is taking place, when I have no tax withstanding from previous years, and even if I have to pay tax for this dividiend amount next year, it would be far lower than £800 (2400- 1000allowance 23/24=1400, at 8.75% tax rate for basic taxpayer=122.5 pounds). Best Regards

Hello, Many thanks for clarifying the above. As this would be out of the dealine for both years, would I be fined? I understand I already reported my income and paid the tax for the year. Also, do I need to include all my income for the tax years mentioned or just the income from dividends and the taxes already paid? Many thanks

Hello, Many thanks for your reply. -Can I submit this from for tax year 21/22 as well? If so, could you give /send instruction on how to do it, please? -For tax year 22/23, how do I submit this form? I did not registered for self assesment as quantities are below requested amounts. Could you send instruction to this, please? Best Regards, 

Hello, 39£ I received some dividends for the year 22/23, totalling £2450, which was a mixture of UK dividends and foreign dividends. I already paid some tax in some of those dividends, which are coming from countries with a double taxation agreement. According to the UK dividend taxation, I should pay: £2450-2000(personal dividend allowance 22/23) * 0.0875(dividend rate for basic tax payers)=£39.37. Note I am a UK resident. As I already paid a tax amount of £170 (£2450 is the net amount after taxes), I guess the tax paid in the UK can be claimed back as there is a double taxation agreement and I already paid more tax in those dividends. I did not fill a self assesment as dividend amount received is less than £10000 year and I am not self employed. I called HRMC and reported the dividend income, and they suggested to fill a form (SA106?). My questions are: -Is SA106 the right form to be filled with tax already paid? -Where does the form needs to be sent to? -Do I need to fill any other forms? -I noticed I paid extra taxes in dividends last year (21/22). I wobdner if there is a way of claiming that back, as I paid tax on foreign dividends as well. - If the rate taken is above the double taxation agreement, how can I get a tax UK resident certificate to claim that to the HRMC of the respective country? Regards,