Whenever I get a dividend credited to my Davy Stockbroker account....I just get a net amount...No breakdown of tax taken.Does the dividend certificate show tax withheld?
Is this something you have to request Brendan? I get an annual statement but don't remember dividend breakdown details included in the report.After the end of the tax-year you should get a tax pack with all the information in it.
I recently opened an account with Davy Stockbrokers and like the above posters I have received some dividends credited to my account.But if the company has deducted tax on the payment of the dividend, then you may be able to claim it.
I made a claim a couple of months ago for a refund of German Withholding Tax and could not claim for a dividend I received this year, as I had not cert from Davys and they could not give one to me. They told me to wait until next year.
Who is deducting the tax from the dividend before I get it? Is it the UK company or is it Davy Stockbrokers or is it someone in between?
It was done away for around 90% of taxpayers as of 2121 But kept in place for the Wealthier taxpayers,So I am paying for German re-unification?
Brendan
It was done away for around 90% of taxpayers as of 2121 But kept in place for the Wealthier taxpayers,
Brendan,No, you can't offset the Corporation Tax paid.
But if the company has deducted tax on the payment of the dividend, then you may be able to claim it.
It differs from country to country.
So which country is the company in which paid the dividend?
Does the dividend certificate show tax withheld?
What company is it?
Brendan
Dividends is just paid into the account and 15% taken off and paid to the I assume IRS.Brendan,
Thank you. The company is US and they deduct 15% withholding. I am not an accountant or have much knowledge of tax . However , I think I can remember when corporation tax in Ireland was 50% and if you received a dividend you could offset the corporation tax against your personal tax on the dividend?. Then, I think, when they reduced corporation tax down to 12.5% they removed that faciality for Irish tax residents.
Is this correct?
.
Does anyone know where to declare the DWT if filling a simple return (i.e. form 12, not sure if it's still called that when filing online these days).....
On my Irish tax return, I claim a credit of €15 of the Overseas Tax and the €14.72 Irish Encashment Tax.