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单词 tax credit
释义 tax credit

A procedure used in the UK when income tax on distributed profits is deducted at source. The shareholder receives dividends net of tax, and a tax credit equal to the amount of income tax deducted. The gross dividend including the tax deducted has to be reported, and is used in calculating the taxpayer's gross income and total tax payable. The tax credit is then treated as tax already paid. As tax at source is deducted at basic rate, only taxpayers with higher personal marginal tax rates have to make further payments; taxpayers with marginal tax rates below basic rate receive refunds of the excess tax collected.

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更新时间:2025/3/9 23:23:18