1196 - Special Withholding Tax and any UK tax taken off

This is an amount of tax withheld on certain payments to UK residents by some European Member States and other related and third party territories under the terms of the European Savings Directive and equivalent third party agreements. This tax will be in addition to any foreign tax deducted by the country of origin of the payment.

The countries that may deduct Special Withholding Tax (SWT) are:

Andorra, Austria, Bonaire, St Eustatius and Saba, British Virgin Islands, Curacao, Gibraltar, Guernsey (up to 30/6/2011), Isle of Man (up to 30/6/2011), Jersey, Liechtenstein, Luxembourg, Monaco, San Marino, St Maarten, Switzerland and Turks and Caicos Islands.

Where SWT is deducted you are treated as having paid in the year of deduction an equivalent amount of Income Tax in the UK, which can be set against your UK tax liability of that year or repaid to you if the amount exceeds that liability.

Please enter the amount of any Special Withholding Tax deducted from the income. If any UK Income Tax has been deducted from the income this should also be included here and please give further details in the 'Any other information' field at the end of the 'Fill in your return' section.