Withholding tax23 Aug 2017 18:14
I've read previous postings about the 30% withholding tax on dividends. My holding is in an ISA with iWeb and 30% is always deducted. After reading the posts, I did query this with them via their chat line when the previous dividend was paid, but they were adamant that there was nothing that could be done to reduce this to 15%.
Was anyone able to get clarification as to whether this could be done? If so, what is the mechanism? I don't totally understand how it works when they talk about Crest being the problem (I think), so if anyone has any success, please could you explain it so I can pass it on to iWeb.
Many thanks