INTM164410 - UK residents with foreign income or gains: dividends

Determination of rates of foreign underlying tax - old Agreements

Two double taxation agreements made before before the passing of FA 1965 remain which give tax credit relief for underlying tax to both companies and individuals : Burma (now Myanmar) and St. Christopher (St. Kitts) - Nevis (see INTM164050).

The Underlying Tax Group, Fitz Roy House, Nottingham will compute the rates of foreign tax in respect of dividends paid during the period in which these agreements remain in force. Applications should be made to them in the usual way under INTM164440 for the rate of foreign tax applicable to the dividend in question.