Part R
General collection rules
Withholding tax on non-resident passive income (NRWT)
RF 8Certain dividends
This section applies when a person makes a payment of non-resident passive income that consists of a dividend, except to the extent to which the payment is—
- an investment society dividend; or
- a supplementary dividend under subpart LP (Tax credits for supplementary dividends); or
-
- a fully imputed dividend; or
-
-
- an amount paid by a foreign investment PIE to a notified foreign investor under section HM 44B (NRWT calculation option) to the extent to which the amount represents the fully imputed portion of a dividend and the related supplementary dividend derived by the PIE.
The amount of tax is calculated using the formula—
Where:
Compare
- 2004 No 35 s NG 2(1)(a)
Notes
- Section RF 8(1)(c): repealed (with effect on 1 July 2011 and applying for income years beginning on or after that date), on , by section 128(1) of the Taxation (International Investment and Remedial Matters) Act 2012 (2012 No 34).
- Section RF 8(1)(e): repealed, on , by section 275(1) of the Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017 (2017 No 14).
- Section RF 8(1)(f): repealed (with effect on 1 July 2011 and applying for income years beginning on or after that date), on , by section 128(1) of the Taxation (International Investment and Remedial Matters) Act 2012 (2012 No 34).
- Section RF 8(1)(g): inserted, on (applying for the 2013–14 and later income years), by section 150(1) of the Taxation (Annual Rates, Returns Filing, and Remedial Matters) Act 2012 (2012 No 88).
- Section RF 8 list of defined terms CTR additional dividend: repealed (with effect on 1 July 2011), on , by section 128(2) of the Taxation (International Investment and Remedial Matters) Act 2012 (2012 No 34).
- Section RF 8 list of defined terms FDP: repealed, on , by section 275(2) of the Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017 (2017 No 14).
- Section RF 8 list of defined terms foreign investment PIE: inserted, on (applying for the 2013–14 and later income years), by section 150(2) of the Taxation (Annual Rates, Returns Filing, and Remedial Matters) Act 2012 (2012 No 88).
- Section RF 8 list of defined terms fully credited for conduit tax relief: repealed (with effect on 1 July 2011), on , by section 128(2) of the Taxation (International Investment and Remedial Matters) Act 2012 (2012 No 34).
- Section RF 8 list of defined terms fully imputed: inserted (with effect on 1 April 2008), on , by section 532 of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
- Section RF 8 list of defined terms notified foreign investor: inserted, on (applying for the 2013–14 and later income years), by section 150(2) of the Taxation (Annual Rates, Returns Filing, and Remedial Matters) Act 2012 (2012 No 88).