Hi
I'm hoping a tax expert can help me with this issue. If I receive a dividend from an Industrial and Provident Society that is a bona-fide Cooperative (now known as Cooperative Societies), is the dividend viewed just as a limited company dividend is on the self-assessment form. So if my dividend is £500, that is presumably my net divi and then I allow tax credit and gross up?
Any guidance or help would be appreciated. I've been round the houses with HMRC on this one.
LTURNER
How do I treat dividend from Industrial and Provident Co-op?
3 posts • Page 1 of 1
How do I treat dividend from Industrial and Provident Co-op?
by mollycat on Wed Feb 23, 2011 11:08 am
- mollycat
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Re: How do I treat dividend from Industrial and Provident Co-op?
by pawncob on Wed Feb 23, 2011 1:52 pm
Do you have a tax voucher? Does it have a Tax Credit shown?
You include all dividends NET (so no grossing) and only include them if they have an attached TC.
You include all dividends NET (so no grossing) and only include them if they have an attached TC.
With a pinch of salt take what I say, but don't exceed your RDA
- pawncob
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Re: How do I treat dividend from Industrial and Provident Co-op?
by pawncob on Wed Feb 23, 2011 2:02 pm
It doesn't look like they have TCs attached:
http://www.hmrc.gov.uk/manuals/ctmanual/ctm40515.htm
http://www.hmrc.gov.uk/manuals/ctmanual/ctm40515.htm
With a pinch of salt take what I say, but don't exceed your RDA
- pawncob
- Posts: 2262
- Joined: Wed Aug 06, 2008 4:06 pm
- Location: West Sussex
3 posts • Page 1 of 1
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