Hi
In the 2016/2017 tax year I earned £6441 in foreign dividends (from US companies) and £878 in UK dividends for a total of £7,320 for the tax year. When entering the foreign dividends into the government website i put the gross figure of £6441 and then also put that I had paid £994 (15%) of tax on these (which has already been taken off). I am a lower rate tax payer and when my dividend tax was computed it came out as owing an additional £99. This came about as my net dividends received is computed as (6441-994+878 = ) £6,325 and thus £5000 was tax free and the remaining £1325 was subject to 7.5% tax to give £99
So in total on £7,320 of dividends i have paid tax of £1093 when i expected to have paid 7.5%*(7320-5000)=£174
Does this seem correct? If not then how do I claim back the extra £919 that I have overpaid in tax as its not clear on the tax form how i do this?
Thanks
Scott
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