Find solution
When do I claim back tax in the UK?

Can I claim back the Tax Credit portion of UK dividends if I am a non tax payer?

  • I understand that tax is deducted from UK Dividends received. Can I claim back this portion if my income is below the personal allowance for the tax year 2012/13?

  • Answer:

    No. It is a credit against any tax you might need to pay in the tax year, so if you don't pay tax, you can't use the credit. Bit like a coupon to stuff in a supermarket - if you don't buy anything, you can't get the benefit of the coupon.

ZVHNC5K4GIF7JJPGNXGV4TZ73Q at Yahoo! Answers Visit the source

Was this solution helpful to you?

Other answers

No, it is a nominal credit. If your income is that low sell the shares and take untaxed interest instead.

Petrusclavus

Related Q & A:

Just Added Q & A:

Find solution

For every problem there is a solution! Proved by Solucija.

  • Got an issue and looking for advice?

  • Ask Solucija to search every corner of the Web for help.

  • Get workable solutions and helpful tips in a moment.

Just ask Solucija about an issue you face and immediately get a list of ready solutions, answers and tips from other Internet users. We always provide the most suitable and complete answer to your question at the top, along with a few good alternatives below.