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PTP TR - Remitted foreign dividends tax credit not showing in the Tax Calculation Summary

Article ID
kba-03778
Article Name
PTP TR - Remitted foreign dividends tax credit not showing in the Tax Calculation Summary
Created Date
1st April 2021
Product
Problem
Remitted foreign dividends tax credit not listed separately in the Tax Calculation Summary.
Resolution

In the Foreign data entry screen there is a new income type of Remitted foreign dividend income for 2021.  There is a box labelled ‘Dividend Tax Credit’ where the amount eligible for the dividend tax credit is entered (see the SA106 Notes re box 7.5 for further information).  The amount entered in this box is subject to a 10% non repayable tax credit.  Although this is being correctly calculated in the software there is a display issue meaning that the amount of the tax credit is not being listed separately in the Tax Calculation Summary and it appears as though the figures on screen do not add up.  This is a display issue only, the overall tax calculation is correct, and will not prevent the return from being submitted.  This will be corrected in a future release.

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