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Post Info TOPIC: Foreign Dividends
Artois


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Foreign Dividends
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Hi All

Can anyone just confirm something for me please, a UK resident has foreign dividend income and this should be included on the UK tax return (above 2k), it is just that the firm that done this clients tax return last year told them it does not need to be included which has made me think i am going mad!

Thanks  



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Doug

These are only my opinions of how I see things and therefore should not be taken as advice
Leger


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Not something I've dealt with Doug but from what I can see it should be included and tax credit claimed if already taxed in that country.

Only time it wouldn't apply is if a/ the only foreign income was dividends, and b/ total dividends (including uk) are under 2k and c/ there is no other income to report.



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John 

 

 

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Kinbuck


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Hi Doug

It definitely has to go in...I've processed nearly 500 2020 tax returns and did a lot of foreign dividends! Not saying I understood it all, why can't everyone make the paperwork the same and simply give the figures required!!!!
I'm going mad and grey with it all wink

Happy New Year to everyone.



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Janet

They keep making the system idiot proof but then make bigger and better idiots!
Artois


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Thanks John & Janet

 i knew it but client was told last year it did not need to be included by a large accountancy practice, so thought i would double check 

Cheers 



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Doug

These are only my opinions of how I see things and therefore should not be taken as advice
BudgetB


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Kinbuck wrote:

Hi Doug

It definitely has to go in...I've processed nearly 500 2020 tax returns and did a lot of foreign dividends! Not saying I understood it all, why can't everyone make the paperwork the same and simply give the figures required!!!!
I'm going mad and grey with it all wink

Happy New Year to everyone.

 

500!!! You must need a lie down!



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Jenny

 

Responses are my opinion based on the information provided.  All information should be thoroughly checked before being relied on.

 
Kinbuck


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BudgetB wrote:
Kinbuck wrote:

Hi Doug

It definitely has to go in...I've processed nearly 500 2020 tax returns and did a lot of foreign dividends! Not saying I understood it all, why can't everyone make the paperwork the same and simply give the figures required!!!!
I'm going mad and grey with it all wink

Happy New Year to everyone.

 

500!!! You must need a lie down!

 Lots of lie downs with lots of fizz to calm the mind!  biggrin



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Janet

They keep making the system idiot proof but then make bigger and better idiots!
BudgetB


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Hahahah sounds ideal!



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Jenny

 

Responses are my opinion based on the information provided.  All information should be thoroughly checked before being relied on.

 
PHALL


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Thanks for this thread. Dealing with this today...got the answer I needed. Cheers!

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Peter
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