When does liability for dividend tax arise? X/D, or P/D
Posted: April 6th, 2018, 2:02 pm
This is probably a 'common-sense' or simple question for some but I don't seem to be able to find an answer.
I can't see it mentioned at the IR https://www.gov.uk/tax-on-dividends
I have a portfolio of UK shares and am currently long-term non-UK resident. I'll be relocating permanently to the UK in July. I have a list of projected dividends due that I maintain on a rolling basis, that currently extends out to September. Some of my shares will go X/D before I return to the UK, and will be due to pay only after I'm once again UK resident for tax (July). I'm not sure when the liability for tax arises 1) on the entitlement and before payment ie X/D or 2) on P/D, payment date?
I'm thinking it's likely 2), but if it were 1) then that might guide me re: the precise date I file the IR form to register as UK resident.
I can't see it mentioned at the IR https://www.gov.uk/tax-on-dividends
I have a portfolio of UK shares and am currently long-term non-UK resident. I'll be relocating permanently to the UK in July. I have a list of projected dividends due that I maintain on a rolling basis, that currently extends out to September. Some of my shares will go X/D before I return to the UK, and will be due to pay only after I'm once again UK resident for tax (July). I'm not sure when the liability for tax arises 1) on the entitlement and before payment ie X/D or 2) on P/D, payment date?
I'm thinking it's likely 2), but if it were 1) then that might guide me re: the precise date I file the IR form to register as UK resident.