We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Dividend taxation
PloughmansLunch
Posts: 675 Forumite
I'm going through my admin for the current financial year to keep up to date for next year's self assessment and am ok with most things, but wanted to check something hopefully quite simple that's confusing me - the Glencore and Coca Cola dividends are listed as 'tax exempted' separately at the bottom of my T212 spreadsheet - I assume they're not actually tax-free and that HMRC would very much like a slice of tax on them, so does anyone know if these would these be taxed at my usual dividend rates or if I need to list them as income received?


0
Comments
-
No, they're not tax free. They're foreign dividends - Glencore is domiciled in Jersey and Coca-Cola HBC in Switzerland. My guess is that tax status actually relates to whether or not you pay stamp duty when you buy them.PloughmansLunch said:I'm going through my admin for the current financial year to keep up to date for next year's self assessment and am ok with most things, but wanted to check something hopefully quite simple that's confusing me - the Glencore and Coca Cola dividends are listed as 'tax exempted' separately at the bottom of my T212 spreadsheet - I assume they're not actually tax-free and that HMRC would very much like a slice of tax on them, so does anyone know if these would these be taxed at my usual dividend rates or if I need to list them as income received?
1 -
Or maybe that there is no foreign withholding on the dividends.wmb194 said:
No, they're not tax free. They're foreign dividends - Glencore is domiciled in Jersey and Coca-Cola HBC in Switzerland. My guess is that tax status actually relates to whether or not you pay stamp duty when you buy them.PloughmansLunch said:I'm going through my admin for the current financial year to keep up to date for next year's self assessment and am ok with most things, but wanted to check something hopefully quite simple that's confusing me - the Glencore and Coca Cola dividends are listed as 'tax exempted' separately at the bottom of my T212 spreadsheet - I assume they're not actually tax-free and that HMRC would very much like a slice of tax on them, so does anyone know if these would these be taxed at my usual dividend rates or if I need to list them as income received?
2 -
That makes sense, so another box to fill in on the SA, although I do own some TRIG which is Guernsey-based / no stamp duty but is listed amongst my other UK dividends.0
-
Yes, you'd think there might be with Swiss company, though. Usually it's 35%.TheGreenFrog said:
Or maybe that there is no foreign withholding on the dividends.wmb194 said:
No, they're not tax free. They're foreign dividends - Glencore is domiciled in Jersey and Coca-Cola HBC in Switzerland. My guess is that tax status actually relates to whether or not you pay stamp duty when you buy them.PloughmansLunch said:I'm going through my admin for the current financial year to keep up to date for next year's self assessment and am ok with most things, but wanted to check something hopefully quite simple that's confusing me - the Glencore and Coca Cola dividends are listed as 'tax exempted' separately at the bottom of my T212 spreadsheet - I assume they're not actually tax-free and that HMRC would very much like a slice of tax on them, so does anyone know if these would these be taxed at my usual dividend rates or if I need to list them as income received?
1 -
That's a foreign dividend as well. Be careful not to trust broker classifications.PloughmansLunch said:That makes sense, so another box to fill in on the SA, although I do own some TRIG which is Guernsey-based / no stamp duty but is listed amongst my other UK dividends.1 -
Thanks, that's a great help and clears that up. As long as I make sure I split things into appropriate sections on my master spreadsheet it shouldn't be too much of a faff to complete my SA in a couple of months.wmb194 said:
That's a foreign dividend as well. Be careful not to trust broker classifications.PloughmansLunch said:That makes sense, so another box to fill in on the SA, although I do own some TRIG which is Guernsey-based / no stamp duty but is listed amongst my other UK dividends.0 -
It becomes a bit more of a faff when there has been foreign withholding as you do not necessarily get full credit for the withholding.PloughmansLunch said:
Thanks, that's a great help and clears that up. As long as I make sure I split things into appropriate sections on my master spreadsheet it shouldn't be too much of a faff to complete my SA in a couple of months.wmb194 said:
That's a foreign dividend as well. Be careful not to trust broker classifications.PloughmansLunch said:That makes sense, so another box to fill in on the SA, although I do own some TRIG which is Guernsey-based / no stamp duty but is listed amongst my other UK dividends.0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.8K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards
