AyG
Crazy Mango Extraordinaire
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Post by AyG on Sept 7, 2021 19:54:43 GMT 7
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Post by rgs2001uk on Sept 7, 2021 21:02:51 GMT 7
Peanuts in the grand scheme of things, wasnt it Nu Liebor who introduced a 10% withholding tax on divis a few years back?
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AyG
Crazy Mango Extraordinaire
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Post by AyG on Sept 8, 2021 7:04:31 GMT 7
Peanuts in the grand scheme of things, wasnt it Nu Liebor who introduced a 10% withholding tax on divis a few years back? I don't think that's right. As far as I can recall, the withholding tax + 10% tax credit was around since I started investing. Things changed in 2016 under David "Call Me Dave" Cameron and since then dividends have been paid gross. |
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GavinK
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Post by GavinK on Oct 5, 2021 11:36:13 GMT 7
Looks like there's no impact if you're non UK resident:
"Non-residents who choose to use the normal rules and are in receipt of UK cash dividends on or after 6 April 2016, are entitled to treat those dividends as having suffered income tax paid equivalent to the dividend ordinary rate (ie 7.5% for 2020/21 and 2021/22; 8.75% for 2022/23)."
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AyG
Crazy Mango Extraordinaire
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Post by AyG on Oct 5, 2021 13:11:32 GMT 7
^^^ I believe that only works if you don't need your tax allowance to use against other UK income. If you do, you'll pay the extra dividend tax.
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GavinK
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Post by GavinK on Oct 5, 2021 14:19:05 GMT 7
"normal rules"...
...is using the personal allowance, so no further tax to pay on divindend income. In fact, dividend tax can be offset against tax due on other UK income, although it is never repayable.
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88
Crazy Mango
making a list, checking it twice
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Post by 88 on Dec 12, 2021 13:05:19 GMT 7
^^^ I believe that only works if you don't need your tax allowance to use against other UK income. If you do, you'll pay the extra dividend tax. why would non residents of the UK be paying any UK tax on dividends received at all? |
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AyG
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Post by AyG on Dec 12, 2021 13:52:06 GMT 7
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