PHILKES
17 Oct 2017
Re: Monarch & Positive Impact on TUI Boring Bernie- I submitted my forms 12th September & still yet to hear anything at all.How do you chase it up?
Boring Bernie
17 Oct 2017
Re: Monarch & Positive Impact on TUI From [link] to its collapse, Monarch employed around 2,100 people and flew 6m passengers each year. Its holiday tour arm had annual volumes of 200,000 per annum."I'm not sure we'll make all that much from people changing flights, but the 200,000 holidays per year that Monarch were selling are now up for grabs. On the whole, I'd guess your average Monarch holiday was cheaper than your average TUI holiday, so Thomas Cook may well pick up more than we do, but it should certainly help our margins.As an aside, I finally got round to filling out the paperwork for reclaiming the divi the other day, so it'll be interesting to see how long it takes to get processed. What I intend to do going forward ( if I remember ! ), is to do a bit of divi dodging. So, sell up before it goes ex-divi and then buy back soon after. Obviously there's a risk that the sp might not drop by the divi amount and I lose out a bit, but spending £20 or so on dealing charges to avoid having to fill in, and possibly chase the paperwork for reclaiming the witholding tax, seems like money well spent !I'll likely forget to sell though !
PHILKES
16 Oct 2017
Monarch & Positive Impact on TUI I am a regular viewer of package holiday prices & it is of note the significant price increases evident since the demise of an albeit smalller competitor.With 800000 ex Monarch customers now having to rebook flights & holidays this is clearly having an impact on forward holiday prices.Early to mid October is usually a reasonable month for lower priced holidays but not this year.This can only be positive for TUI but unfortunately negative for the holiday booker with less competition.
PHILKES
10 Oct 2017
Re: Withholding Tax Well still awaiting any form of acknowledgement or receipt of tax refund 4 weeks later.
Boring Bernie
28 Sep 2017
Today's Pre-Close Statement Looking at the PDF linked from [link] it all seems pretty much the same as the last update, with >= 10% growth in EBITDA expected for this FY and no change in expectations going forwardBB - still holding, but perhaps I should have reduced a bit when the sp was pushing 1340p
PHILKES
12 Sep 2017
Re: Withholding Tax Forms completed and submitted with certificate of residence. Lets see what happens next.
Boring Bernie
15 Aug 2017
Q3 Results These ( [link] ) were marginally better than I'd expected and re-iterated the guidance of >=10% growth in underlying EBITA which, along ,with the kind of upgrade ( to Neutral with a price target of 1300p ) from Credit Suisse, seems to have given the sp a bit of a lift.It's getting perilously close where I'm thinking of taking some more profits h
PHILKES
06 Aug 2017
Re: Withholding Tax So I now have HMRC cert of residence & confirmation of the actual dividends & tax deducted (26.375%) for the last 2 dividends from my broker so will shortly be attempting completion of the form. Looks a bit complicated!Approx 250 Euros deducted in tax in total to try & reclaim for 2016 and 2017 dividends.
Boring Bernie
17 Jul 2017
Re: Withholding Tax PhilkesThe honest answer is I don't know, but, looking at the form, I don't see why you shouldn't be able to claim for multiple years on one form
PHILKES
15 Jul 2017
Re: Withholding Tax Boring Bernie thanks. Do you know if you can claim last 2 tax years on one form or do you have to do a separate form for each year?
Boring Bernie
15 Jul 2017
Re: Withholding Tax PhilkesOne thing that's worth doing, and might save you a bit of time in getting the paperwork accepted at the German end is to get a "Certificate of Residence" from HMRC.All you have to do is fill in the online application at [link] HMRC will then carry out whatever checks they need to do before issuing the certificate.also, when I was going through the process last year, I had a look online and there are a few companies who will do the legwork for you. If you've got a substantial number of shares and are struggling to get it sorted yourself, then it might be worthwhile using one of them. Their charges put me off though, they took a % and had minimum charges which meant it wasn't worthwhile doing for me. I ended up getting back £100 to £150 back, and I think some of the quotes I got back meant they'd have taken at least £50 of that, so, being a tight git, I did it myself !
PHILKES
15 Jul 2017
Re: Withholding Tax As expected TD Direct as an execution only broker can offer no advice on this matter but would be happy to sign any forms or confirm transactions if required.So next step is to complete the form attached within this thread & see where that gets me.
PHILKES
14 Jul 2017
Re: Withholding Tax Well HMRC have come back to me and surprise surprise they say my broker needs to contact them direct????Doesn't seem right to me & I doubt whether TD would be bothered in contacting HMRC on my behalf (but I will copy them in on HMRC response).Think I may just look at the form posted on here.
PHILKES
13 Jul 2017
Re: Withholding Tax Thanks that's really helpful. Just waiting for HMRC to come back to me-I may re-post when completing the form if that's ok?
Boring Bernie
12 Jul 2017
Re: Withholding Tax PhilkesYour broker isn't involved very much reallyWe're abroad at the moment, so I can't check exactly what I had to do, but I think it was pretty much as follows :-1. Go to :-[link] and find the relevant form for claiming back withholding tax on income ( don't panic, there's an English version ).2. Get some proof that you were paid the dividends with the tax withheld. This can be as simple as the consolidate / composite divi certificate you got from TD. I know mine shows number of shares, divi rate, withholding tax rate and how much tax was withheld, so the paperwork you've got from TD will almost certainly have the same info on it.3. Fill out the form.4. Off-hand I can't remember exactly what happens then, but the form needs signing by yourself AND the UK Tax Authority - which is where HMRC comes in because they need to say you were resident in the UK for tax purposes when the divi was paid.I can't remember exactly who I contacted to get the done though, so you'll probably have to ping a question to them on their website5. Send the completed paperwork, along with any supporting info off to the address in Germany in the form. If you've done everything right, then they'll credit your bank account directly.It's not difficult, it's just time consuming. My paperwork last year got bounced once, but I contacted the German tax people to find out what I'd done wrong and they were dead helpful. Good luck
