HM Revenue & Customs

1281 - Taxable amount

The taxable amount has automatically been calculated for you. If you are claiming foreign tax credit relief the figure is the same as the figure in the 'Amount of income arising or received before any tax taken off' field. If you are not claiming foreign tax credit relief the figure is the amount in the 'Amount of income arising or received before any tax taken off' field minus any amount in 'Foreign tax taken off or paid'.