Waived dividends still being imported from Company Secretarial to Personal Tax

Article ID

ias-12176

Article Name

Created Date

25th November 2015

Problem

Users have entered waived dividends into Company Secretarial and when importing to Personal Tax it imports all dividends including the waived ones.

Resolution

Waived dividends are tax free and therefore do not need to be reported on the self-assessment return, you will need to manually delete these dividends from Personal tax.

Please note that the dividend will only be deleted from Personal Tax and not Company Secretarial.

Can this deletion be done automatically?: Our development team states this is is design decision where you have to manually delete it from PT and it will not be done automatically.

If you have a separate team who waivers dividends in Company Secretarial etc, then do inform them to also contact their Personal tax team to let them know to manually delete the dividends in PT as well.

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