Foreign dividends

This section is accessed via the Data Input tab within the tax return and is used to enter foreign dividends received. You should add a section for each country from which dividends were received. All amounts of foreign income received and foreign tax paid must be entered in sterling.

Dividends from foreign companies

• Country - enter the name of the country from which the dividends were received.

• Claim Foreign Tax Credit Relief - tick the box to claim foreign tax credit relief for any foreign tax suffered. If not ticked, foreign tax will be deducted from the income.

• Description of income - enter a brief description of the dividend received.

• Gross income arising (£) - enter the gross amount of the dividend before any foreign tax or UK withholding tax was taken off.

• Foreign tax taken off (£) - enter the amount of foreign tax suffered.

• UK tax taken off (£) - enter the amount of UK tax taken off.

• Taxable amount (£) - this column will show the taxable amount after deducting any foreign tax that is not being claimed via foreign tax credit relief.

• Total - Taxfiler by IRIS shows the sum of all entries in each column.

To delete a line from the grid, select the ‘trash can’ icon at the end of the line.