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Dividend - Tax credit isn't a thing any more?

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Vega
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Posts: 95
Joined: Fri Apr 02, 2010 1:35 am

Dividend - Tax credit isn't a thing any more?

Post by Vega » Wed Oct 04, 2017 6:26 am

For dividends payed after April 6, 2016 the 10% tax credit is abolished. So there is no concept of different gross and net dividends. Correct?

So the dividend voucher just says dividend payable (the terms gross or net or tax credit are not present). Does this sound fine?

And the "dividend payable" on the voucher is the amount going out of the company account and into the personal account.

Earnings = "dividend payable" + gross salary

Ok? Hope there have been no cases of case workers not being aware of these recent changes introduced for dividends HMRC.

Vega
Junior Member
Posts: 95
Joined: Fri Apr 02, 2010 1:35 am

Re: Dividend - Tax credit isn't a thing any more?

Post by Vega » Fri Oct 06, 2017 8:04 am

Help please?

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zimba
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Re: Dividend - Tax credit isn't a thing any more?

Post by zimba » Fri Oct 06, 2017 4:00 pm

This is not a relevant immigration matter. Seek help from your accountant :!:
Advice is given based on my personal research and experience only. Do NOT contact me via private message for immigration advice

Vega
Junior Member
Posts: 95
Joined: Fri Apr 02, 2010 1:35 am

Re: Dividend - Tax credit isn't a thing any more?

Post by Vega » Fri Oct 06, 2017 5:39 pm

There have been plenty of questions around here about net and gross dividends and this is a new change in law about a critical piece of evidence for earnings where guidance has in the past asked to clearly show net and gross amounts.

Felt related to my immigration application.

Anyway, won't bump this again if there is no further response.

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