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Foreign dividends

26 May 2009
Issue: 4207 / Categories: News , Admin
Self assessment confusion

A reader recently contacted Taxation in respect of ‘box 5 foreign dividends (up to £300)’ in the 2008/09 self assessment tax return pointing out that it was not clear whether the £300 limit for declaring such dividends was net or gross.

HMRC have subsequently confirmed to us that it is the net amount that counts towards the limit. After that, taxpayers must complete the foreign pages.

Issue: 4207 / Categories: News , Admin
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