There is a dividend allowance of £2,000 for 2021–22. This replaced the 10% tax credit that was previously associated with dividends although non-residents are still entitled to treat tax as paid at the ordinary dividend rate (7.5% for 2021–22) in respect of UK dividends they receive (no gross up is required). This is not refundable but is in addition to the dividend allowance.

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.