Tax 2003/04

The following notes have been produced to assist employee shareholders to complete their self-assessment Tax Returns for the tax year 2003/04.

If you are in any doubt with regards the completion of the tax form, please consult your financial advisor.

Additional information can be found on the Inland Revenue web site.

There are four areas to consider:
  1. Advice on completing the Capital Gains pages for the displosal of any Thales shares acquired under a share plan (1998/2000)
  2. How to specify Foreign Dividends received from your Thales share holding (1998/2000)
  3. How to specify Foreign Dividends received from your Thales share holding (2002)
  4. Profit Sharing Scheme Shares

Additional information can be found on the Inland Revenue web site.

Capital Gains

If you did not dispose of any shares or other assets during the tax year 2003/04 then there is nothing to complete.

Click here for details of how to complete the form.

Note that resultant gains together with all other capital gains are subject to exemption on the first £7900.

Foreign Dividends - 1998/2000 scheme

In June 2003, you received a gross dividend of €1.05 (which is equivalent to £0.7375) for each Thales share held. French witholding tax equivalent to £0.1106 has already been deducted.

You need to request the foreign pages of the self-assessment tax return (form SA106) by contacting the Inland Revenue orderline on 0845 9000 404 or download from the Inland Revenue web site.

Page F1 of tax form FOREIGN should be filled in as follows:

  1. Column A France
  2. Column B 0.7375*no of shares
  3. Column D 0.1106*no of shares
  4. Column E 0.7375*no of shares
  5. Last Box Tick
  6. Box 6.2 0.73*no of shares

The exchange rate used was 1.42374.

Note 1: Irrespective of whether you are intending to reclaim the Avoir Fiscal, the amount an individual is credited with as having paid in all cases is 15%.

Foreign Dividends - 2002 scheme

In January, 2004, Credit Lyonais sent details of the 2002 dividend paid in respect of the 2002 offer. This only applies to those shareholders who have Classic units. An example form for completing the Foreign tax form was also included. THIS EXAMPLE IS INCORRECT. Please follow the following guidelines.

Page F1 of tax form FOREIGN should be filled in as follows:

  1. Column A France
  2. Column B 0.4925*no of shares
  3. Column C NIL
  4. Column D NIL
  5. Column E 0.4925*no of shares
  6. Box 6.2 0.4925*no of shares

The exchange rate used was 1.42129.

Profit Sharing Scheme Shares Award

This applies only if any shares awarded to you under the approved profit sharing scheme have been removed from the trust in the tax year 2003/04. If this is the case, the taxable amount and tax deducted under PAYE are specified in the figures at 1.8 and 1.11 of the employment pages.