Dividend Voucher for non resident shareholder

Dividend Voucher for non resident shareholder

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Hopefully a quick answer to this.  A client has a shareholder who is resident in France (definitely non resident for UK tax purposes).  We need to prepare dividend vouchers and I can't seem to find an answer as to whether we include the tax credit on the voucher for the French shareholder.

Anyone have any ideas?

Thanks in advance.

Replies (3)

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By johngroganjga
21st Mar 2016 11:18

Yes.  Do you think large

Yes.  Do you think large companies with thousands of shareholders produce different dividend vouchers according to the tax residence of their shareholders, or even that they know what that tax residence is?

Thanks (1)
By ChrisScullard
21st Mar 2016 11:47

Thanks for the response johngroganjga.  Now you mention that point about large PLCs it does make sense!

Clearly a case of my overthinking things.

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By jon_griffey
21st Mar 2016 13:02

What about 2016/17?

The dividend tax credit is being abolished for UK residents from 6 April 2016 and so it follows that it should not be mentioned on the dividend voucher.

However non-residents are still entitled to a tax credit and so will require it on the voucher.

So for dividend paid from 6 April 2016, does this mean that companies need to identify the tax residence of the shareholder?  Or perhaps have 2 tax credit boxes on the voucher, one for 'resident tax credit' (nil) and one for 'non-resident credit'.

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