Foreign share dividends

Tri2012

I’ve shares that are held on Spanish stock exchange and my dividends  are paid into my GB bank account with 19% Spanish tax paid, voucher provided when funds transferred.  

I’ve tried  looking in HMRC but struggling!

I’m thinking ahead as my tax is a mess due to O/T 24/25 which as been overtaxed! 

It’s over £500 dividends in a Tax year 25/26 - do I have complete SA or as less than 10k with savings interest or just the dividends for  25/26 ? Also that means I’ll paying tax twice ? Spain and UK or is there a way I can claim back the Spanish tax from HMRC?

The dividends are only Linley to be over £500 this year due to a special dividend rate  being paid this year..



thanks in advance 

FrugaiMacDugal

From Gov.UK, link.

wmb194

Tri2012 said:

I’ve shares that are held on Spanish stock exchange and my dividends  are paid into my GB bank account with 19% Spanish tax paid, voucher provided when funds transferred.  

I’ve tried  looking in HMRC but struggling!

I’m thinking ahead as my tax is a mess due to O/T 24/25 which as been overtaxed! 

It’s over £500 dividends in a Tax year 25/26 - do I have complete SA or as less than 10k with savings interest or just the dividends for  25/26 ? Also that means I’ll paying tax twice ? Spain and UK or is there a way I can claim back the Spanish tax from HMRC?

The dividends are only Linley to be over £500 this year due to a special dividend rate  being paid this year..

thanks in advance 

You mean you've received dividends from a Spanish domiciled company; the double taxation treaty rate between the UK and Spain is 10% so you can ask HMRC to give you tax relief for that amount.

HMRC won't refund you foreign tax but you can ask the Spanish tax authorities for the 9% balance. It can be like pulling teeth though so if it's a small amount it might not be worth the effort but given you have a tax voucher it might not be too hard.

https://www.gov.uk/hmrc-internal-manuals/double-taxation-relief/dt17553

https://www.gov.uk/tax-foreign-income/taxed-twice

https://taxadora.com/blog/how-to-reclaim-withholding-tax-on-dividends-in-spain/

poseidon1

wmb194 said:

Tri2012 said:

I’ve shares that are held on Spanish stock exchange and my dividends  are paid into my GB bank account with 19% Spanish tax paid, voucher provided when funds transferred.  

I’ve tried  looking in HMRC but struggling!

I’m thinking ahead as my tax is a mess due to O/T 24/25 which as been overtaxed! 

It’s over £500 dividends in a Tax year 25/26 - do I have complete SA or as less than 10k with savings interest or just the dividends for  25/26 ? Also that means I’ll paying tax twice ? Spain and UK or is there a way I can claim back the Spanish tax from HMRC?

The dividends are only Linley to be over £500 this year due to a special dividend rate  being paid this year..

thanks in advance 

You mean you've received dividends from a Spanish domiciled company; the double taxation treaty rate between the UK and Spain is 10% so you can ask HMRC to give you tax relief for that amount.

HMRC won't refund you foreign tax but you can ask the Spanish tax authorities for the 9% balance. It can be like pulling teeth though so if it's a small amount it might not be worth the effort but given you have a tax voucher it might not be too hard.

https://www.gov.uk/hmrc-internal-manuals/double-taxation-relief/dt17553

https://www.gov.uk/tax-foreign-income/taxed-twice

https://taxadora.com/blog/how-to-reclaim-withholding-tax-on-dividends-in-spain/

It was the extreme difficulty in partly recouping dividend taxes from countries such as France, Switzerland and Germany which prompted me to pull the plug on  direct investing into Companies domiciled in those countries.

wmb194

poseidon1 said:

wmb194 said:

Tri2012 said:

I’ve shares that are held on Spanish stock exchange and my dividends  are paid into my GB bank account with 19% Spanish tax paid, voucher provided when funds transferred.  

I’ve tried  looking in HMRC but struggling!

I’m thinking ahead as my tax is a mess due to O/T 24/25 which as been overtaxed! 

It’s over £500 dividends in a Tax year 25/26 - do I have complete SA or as less than 10k with savings interest or just the dividends for  25/26 ? Also that means I’ll paying tax twice ? Spain and UK or is there a way I can claim back the Spanish tax from HMRC?

The dividends are only Linley to be over £500 this year due to a special dividend rate  being paid this year..

thanks in advance 

You mean you've received dividends from a Spanish domiciled company; the double taxation treaty rate between the UK and Spain is 10% so you can ask HMRC to give you tax relief for that amount.

HMRC won't refund you foreign tax but you can ask the Spanish tax authorities for the 9% balance. It can be like pulling teeth though so if it's a small amount it might not be worth the effort but given you have a tax voucher it might not be too hard.

https://www.gov.uk/hmrc-internal-manuals/double-taxation-relief/dt17553

https://www.gov.uk/tax-foreign-income/taxed-twice

https://taxadora.com/blog/how-to-reclaim-withholding-tax-on-dividends-in-spain/

It was the extreme difficulty in partly recouping dividend taxes from countries such as France, Switzerland and Germany which prompted me to pull the plug on  direct investing into Companies domiciled in those countries.

Yes. Once you've been given access to its tax website - and there's an English version - reclaims from the Netherlands are quite easy. They reserve the right to ask for documentation but otherwise you just fill in the data and a refund is sent to you. The amount you can reclaim is only 5% out of the 15% withheld (10% DTT) so the numbers can still be puny even with an easy process...