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Hi.In general, foreign dividends received by UK companies are not taxable and no relief is given for any foreign tax credit against a UK corporation tax liability. The double tax treaty between the UK and the country from which the dividend is paid may limit the amount of foreign tax paid.There are exceptions to the general no UK tax on foreign dividend rules which you can read about here.I hope this helps but let me know if you have any further questions.
Thanks for your prompt reply but how are foreign dividends treated differently to UK dividends for corporation tax purposes and also is interest received on corporation tax from HMRC taxable?