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Advice on extra tax liability for GTV dependent working spouse who also got paid dividends from a different entity

Only for the Global Talent visa, formerly known as Tier 1 (Exceptional Talent) visa

Moderators: Casa, Amber, archigabe, batleykhan, ca.funke, ChetanOjha, EUsmileWEallsmile, JAJ, John, Obie, push, geriatrix, vinny, CR001, zimba, meself2

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DreamerBeliever
Junior Member
Posts: 86
Joined: Thu Apr 02, 2020 9:56 pm
India

Advice on extra tax liability for GTV dependent working spouse who also got paid dividends from a different entity

Post by DreamerBeliever » Wed Sep 06, 2023 11:02 am

Hello moderators,

Needed some guidance.

My Global Talent Visa dependent spouse is a salaried employee in one entity and also a shareholder in the company I founded. Recently she’s got dividends issued. So naturally we'll have to ‘add’ this amount to her total taxable income and pay taxes accordingly.

Could someone guide on what’s the process of doing this? Is there an online process where we can change her current income tax code so that she gets deducted a proportionally higher tax amount by her employer and account for this dividend payout in one place? If not, is there an additional self assessment she needs to file?

My query is, how does one close the loop in this situation with HMRC?

If someone has some knowledge in this matter, your kind advice would be very helpful.

Thank you

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CR001
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Joined: Thu Mar 08, 2012 10:55 pm
Location: London
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South Africa

Re: Advice on extra tax liability for GTV dependent working spouse who also got paid dividends from a different entity

Post by CR001 » Wed Sep 06, 2023 11:49 am

This is not an immigration related query, which is all this forum is for.

Please find a tax forum to ask the queation or contact hmrc for advise or speak to your accountant.
Char (CR001 not Casa)
In life you cannot press the Backspace button!!
Please DO NOT send me a PM for immigration advice. I reserve the right to ignore the PM and not respond.

DreamerBeliever
Junior Member
Posts: 86
Joined: Thu Apr 02, 2020 9:56 pm
India

Re: Advice on extra tax liability for GTV dependent working spouse who also got paid dividends from a different entity

Post by DreamerBeliever » Wed Sep 06, 2023 11:52 am

CR001 wrote:
Wed Sep 06, 2023 11:49 am
This is not an immigration related query, which is all this forum is for.

Please find a tax forum to ask the queation or contact hmrc for advise or speak to your accountant.
Fair enough. Apologies for spamming. Thank you for the advice.

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