A withholding tax software specialist has launched a product for UK intermediaries allowing them to ...
A withholding tax software specialist has launched a product for UK intermediaries allowing them to automatically reclaim tax on dividends from overseas securities. The system, run by Global Operations and Administration Limited (Goal) covers 27 types of securities including ordinary shares. According to the group's own research UK private investors have been missing out on some £251m a year by not making reclaims. Intermediaries can pay a one-off cost of around £5,000 to have the system installed or can use Goal's existing online system at a cost of around 15% per dividend plus VAT. St...
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