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Ask the Tutor ACCA TX-UK

What is withholding tax?

CCidra10y ago
Hi, What is the word we use in place of withholding tax in F6? In my BPP book I did not find it any where, is there some other word we use to describe/mention withholding tax in ACCA? Thank you! =)
CCidra10y ago#1
Is With holding Tax same as PAYE? Please explain the difference. Thank you
TTTax Tutor10y ago#2
Withholding tax refers to overseas tax deducted on a source of income that is also chargeable to UK tax. You will not find this in a F6 text as overseas tax is not within the syllabus - you have to wait until P6 before you get the pleasure of that subject!
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