Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 671

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 671
---
 with UK law, Barclays PLC pays dividends on the Shares without any deduction or withholding for or on account of any taxes imposed by the UK government or any UK taxing authority. The total dividends (including any dividends paid by Barclays PLC) paid to a UK resident individual shareholder in a tax year (the " Total Dividend Income ") will generally form part of that shareholder’s total income for UK income tax purposes, and will be subject to UK income tax at the rates discussed below. For dividends paid on or after 6 April 2016, the rate of UK income tax applicable to the Total Dividend Income will depend on the amount of the Total Dividend Income and the UK income tax band(s) that the Total Dividend Income falls within when included as part of the shareholder’s total income for UK income tax purposes for that tax year. For the tax year from 6 April 2024 to 5 April 2025 (inclusive), a nil rate of UK income tax applies to the first £500 of Total Dividend Income received by an individual shareholder in that tax year (the " Nil Rate Amount "). For the 2023-2024 tax year, the Nil Rate Amount was £1,000. For the 2018-2019, 2019-2020, 2020-2021, 2021-2022 and 2022-2023 tax years, the Nil Rate Amount was £2,000. For the 2016-2017 and 2017-2018 tax years, the Nil Rate Amount was £5,000. Where the Total Dividend Income received by an individual shareholder in a tax year exceeds the relevant Nil Rate Amount for that tax year, the excess amount (the " Remaining Dividend Income ") will, at the date hereof, be subject to UK income tax at the following current rates: (a) at the rate of 8.75% on any portion of the Remaining Dividend Income that falls within the basic tax band; (b) at the rate of 33.75% on any portion of the Remaining Dividend Income that falls within the higher tax band; and (c) at the rate of 39.35% on any portion of the Remaining Dividend Income that falls within the additional tax band. In determining the tax band the Remaining Dividend Income falls within for a tax year, the individual shareholder’s Total Dividend Income for the tax year in question (including the portion comprising the Nil Rate Amount) will be treated as the