Foreign Tax Credit Relief is not being given even though claimed

Article ID

ias-10790

Article Name

Foreign Tax Credit Relief is not being given even though claimed

Created Date

6th December 2012

Product

IRIS Personal Tax

Problem

Clients have entered foreign dividend income which total's less than £300 but the foreign tax credit that needs to be claimed is not showing as the foreign pages are not populated and the grossed up amount is showing in TR3 box 5.

Resolution

Users are requested to do the following:- 1. Log onto Personal Tax and choose the client 2. Go to the Foreign section 3. Choose Additional Information 4. Tick force dividends of £300 or less onto the Foreign Pages 5. The foreign pages will then be populated and the Foreign Tax Credit will show on the first page