Will Revenue grant credit against encashment Tax on UK Dividends?

D

Diarmud

Registered User
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I couldn't find this question raised in any other threads so any help would be appreciated.

Last year dividends from UK listed shares were paid gross and tax was paid to Revenue through the self assessment. From Jan 1st it seems foreign encashment tax of 25 per cent is payable on all UK dividends and is taken before the dividend is paid.

How is the tax paid to be treated when I complete my self assessment and do I get tax credit for the foreign encashment tax that I have paid or do I have to pay income tax, PRSI, USC on top of what's already paid?

Thanks for your thoughts on this
 
There's a section on the Form 11 for Irish encashment tax (or some such). You get credit for that against your tax due.
 
Do you get a certificate of foreign taxes deducted from your stockbroker at the end of the year ?
 
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