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Tax credit
thornbridge
Posts: 213 Forumite
in Cutting tax
Can anyone tell me what Tax credit means on my dividend payment sheet from the shares i have.
At the bottom of the the sheet it says This voucher should be kept. It will be accepted by HM Revenue and customs as evidence of a Tax credit.
I was wandering if i had to take any action regarding this.
Regards.
Thornbridge
At the bottom of the the sheet it says This voucher should be kept. It will be accepted by HM Revenue and customs as evidence of a Tax credit.
I was wandering if i had to take any action regarding this.
Regards.
Thornbridge
0
Comments
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A Tax Credit is a notional 10% tax deduction from your dividend. It is never refundable. You will probably not have to do anything with it unless you complete tax returns in which case there is a box on the form for you to declare the dividend you received.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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Thanks PAM17 nothing to do on my part then0
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