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Why does the Tax Computation show a non repayable tax credits on dividends?

Article ID
ias-12882
Article Name
Why does the Tax Computation show a non repayable tax credits on dividends?
Created Date
29th August 2018
Product
IRIS Personal Tax
Problem
Why does the Tax Computation show a non repayable tax credits on dividends?
Resolution
According to ITTOIA Act 2005 secton 399 informs that a non UK resident is treated as having paid (non replayable) tax at the dividend ordinary rate on the amount or value of the divdend is retained. However without the grossing up of the dividend by reference to the dividend ordinary rate. Note: this only applies to dividends received by NON UK residents.

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