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PTP TR - dividend tax credit for non-resident clients

Article ID
kba-03622
Article Name
PTP TR - dividend tax credit for non-resident clients
Created Date
29th June 2018
Product
Problem
Why is a dividend tax credit appearing in the tax calculation?
Resolution

Although tax credits were removed generally for dividends from April 2016 they still apply for non-resident clients.  Please find below links to S399 of the Income Tax Act 2005 and the relevant amendments to this section in the Finance Act 2016.

https://www.legislation.gov.uk/ukpga/2005/5/section/399

https://www.legislation.gov.uk/ukpga/2016/24/schedule/1/paragraph/11#schedule-1-paragraph-11-2

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