Updated: The helpsheet and working sheets have been added for the tax year 2016 to 2017.
This guide will help you to work out Foreign Tax Credit Relief (FTCR) if you’re now claiming overlap relief or you have overlap profits.
Use:
- working sheet 1 if you have overlap profits and need to work out FTCR
- working sheet 2 if you’re claiming overlap relief and need to work out the FTCR that will be recovered
Source: HMRC