Personal Taxation Of Dividend Income

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Personal Taxation Of Dividend Income

Postby aaronstarts » Thu Jul 26, 2012 4:09 pm

so one of my colleagues(UK-based) and long term friend received part of his income as dividends.

He's trying to find out how to calculate the income tax liability on this income. Having looked at various helpful websites he said he was still rather confused. SO, I thought I could get some help here!..

Can anyone help me on this?

The Dog
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Re: Personal Taxation Of Dividend Income

Postby The Dog » Thu Jul 26, 2012 10:13 pm

This page on the Revenue & Customs website seems to explain matters:

If the company is registered in the UK, it is likely that the tax will be deducted at source. If you need to fill in a tax return, there is a space to declare the income.
(See box 3 on page 5).

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