Overseas dividends

Use Overseas dividend to provide additional information about foreign dividend income entered at Profit and loss.

Income/expense type Confirms that the income/expense type is allocated as Overseas dividend income at Profit and loss.
Description Matches the description entered at Profit and loss. It can only be amended at Profit and loss.
Business activity Confirms the business activity to which the income has been attributed at Profit and loss, and can only be amended on that page.
Allocated from P&L account The amount allocated on Profit and loss to Overseas dividend income. It can only be amended on Profit and loss.
Amount b/f Enter any overseas dividend income shown for a previous period but taxable in the current period.
Exempt Tick if the overseas dividend income is not liable to UK Corporation tax. This will exclude the income from Tax computation and Tax calculation.
Amount c/f Enter any amount included in Allocated from P&L account but liable to UK Corporation tax in a later period.
This period Calculated as Allocated from P&L account, plus Amount b/f, less Later period.
Foreign withholding tax

Enter any foreign tax deducted from the overseas dividend and eligible to be relieved as withholding tax.
Underlying tax Enter any foreign tax suffered by the overseas company paying the dividend which is eligible to be relieved as underlying tax.
Capped underlying tax on taxable dividend If not all Underlying tax is available to relieved against the UK Corporation tax liability for this period, then enter the restricted amount here. This restricted figure will be used in Tax calculation, instead of Underlying tax.
Tax spared on taxable dividend Where the dividend qualifies for relied under the 'Tax spared' provisions, enter the deemed tax attributable to the dividend here.
Deduct foreign tax Tick if the foreign tax suffered is to be treated as an expense, rather then relieved under the Double tax provisions.
Net dividend received Calculated as This period, less Foreign withholding tax.
Taxable dividend Calculated as This period, plus Underlying tax, if Deduct foreign tax isn't ticked. Otherwise it is equal to Net dividend received.

How do I get here?

Overseas activity > Overseas dividends opens Select overseas dividend, which lists all income allocated in Profit and loss as overseas dividend income. Highlight the income to be analysed and click Edit to open Overseas dividend.