Anne Fendley
Joined: 11/16/2023
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RE: Foreign Tax Credit Relief on overseas dividends
But the notes say that I can only claim the rate I would pay in the UK. Does the software automatically drop it down to 8.75%? -
Foreign Tax Credit Relief on overseas dividends
I am a basic rate tax payer. In 2022-23 I received a dividend of over £2000 from French shares and less than £200 from Spanish shares (Santander). Both have had withholding tax removed. My understanding is that: There is a double taxation agreement with both countries. I should fill in the foreign dividend section giving the details of the 2 shares separately I can only claim FTCR at the rate I would pay in the UK - currently 8.75%. The pull down section on the online form for the rate I am claiming appears not to have been updated as there is no value of 8.75%. I tried putting in 8% but it gave an error message.It will only accept 7.5%. What do I do? I have tried the HMRC digital help but the computer just refers me to the double taxation agreement. A reply from someone from HMRC please