I am currently preparing the 2016/17 return for a Lloyd's Name who has, within his funds at Lloyd's, both UK and overseas company shareholdings. The return is already subject, with regard to the UK dividends, to HMRC exclusion 53 but I am puzzled about how I am to account for the non-UK dividend income.
He has non-UK dividends paid both before 6 April 2016, which qualifies for the 1/9 credit, and after which obviously doesn't. The Lloyd's Notes on pages LUN3 and LUN4 give guidance as to what is required and include, on page LUN4, a worksheet but the return form itself states, in box 19, that only non-qualifying dividends paid before 6 April 2016 are to be included. Working this through seems to result in dividends paid subsequent to 5 April 2016 being ignored altogether!
Am I missing something here?