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Foreign or UK income for Self assessment return?

Dividends received in UK £'s from Hargreaves Lansdown (over £300), UK or foreign

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Dividends received in UK £'s from Hargreaves Lansdown (over £300).  Underlying shares are in a Swiss company.

 

Is it UK or foreign income on self assessment return?

 

Went to HMRC but the wait times are so long and there were no technical advisors available and its not worth the hassle quite frankly so I'm taking it to you lot!!!!

Replies (9)

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By Anonymous.
20th Nov 2020 17:28

Would have thought non-UK paying company would give rise to a foreign dividend.

Why would it be a UK dividend?

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By Debittomycredit
20th Nov 2020 17:41

Received in GBP from Hargreaves Lansdown (UK based)...?

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Replying to Debittomycredit:
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By Anonymous.
20th Nov 2020 17:47

Debittomycredit wrote:

Received in GBP from Hargreaves Lansdown (UK based)...?

Assume HL are the broker/custodian. It's not them paying the dividend; they are collecting it.

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By Debittomycredit
20th Nov 2020 17:43

Also, not that I would rely on this hence the investigation now, but previous adviser had included it as Dividends from UK companies as well

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By jonharris999
20th Nov 2020 17:45

Foreign dividend. SA100 has space to enter tax paid overseas if any was withheld (and if it was that should be on the HL statement).

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By Paul Crowley
20th Nov 2020 18:08

Question makes no sense

Who owns shares?

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By Debittomycredit
20th Nov 2020 18:38

Clearly its foreign income as I suspected, just couldn't work out why prev advisor had it down as dividends from UK companies.

Suspect it was previously less than £300.

Storm in a teacup, thanks everyone.

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By carnmores
20th Nov 2020 19:20

Agreed, its possible that foreign tax credit may be available but unlikely

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Replying to carnmores:
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By Paul Crowley
20th Nov 2020 20:04

It is but very difficult
Swiss deduct 35%, UK allows 15%, the figure in the treaty
Swiss will refund the difference if taxpayer gets a signed and stamped paper from UK HMRC confirming that dividend declared
Swiss work in calendar years
Never worth it for this small sum

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