Spectra Systems Share Discussion Threads

[trident5] 26/7/2018 16:30

BE13 - one of the best paid sectors in the economy, keen to embrace AI and Blockchain, and yet you'd think your money was travelling by courier pigeon.

Or you would if it wasn't so slow.

[blueeyes13] 26/7/2018 16:06

Well, AJ Bell on top form as usual when it comes to USD divi payments. USD Cheque received and sent to their bank 2 July. Bank processed this on 19th July. Will take up to 2 weeks for funds to clear so might receive payment in my account around 3 Aug.

[nico115] 25/7/2018 20:57

Tariff news good tonight for Spsy?

[sonofbanjosinger] 20/7/2018 17:08

Thanks nico l have already set up selftrade ..but have decided to sort out the issue with Halifax first l have been charged near 13k plus, too much tax over the last 2 years so need to get that sorted.

[nico115] 19/7/2018 21:30

Move to Redmayne I will introduce you to my broker Class outfit

[sonofbanjosinger] 19/7/2018 18:09

They are saying the case is closed.. no to all the questions ..they said l should be able to reclaim the tax, l am sure that will be a ball ache. Anyway l have just opened a selftrade account up and will transfer all my accounts as suggested. I will fire another complaint off in a day or two.

[trident5] 19/7/2018 17:47

Did they ask you to fill out a W8BEN? If so, why?

Did they explain why they are holding them in this fashion, when no-one else seems to be?

Did they make that clear to you when you bought them?

Why did they lie to you earlier?

I'd report them if I was you.

[sonofbanjosinger] 19/7/2018 17:08

Ok so l got an answer back from Halifax today They are saying that my shares are held as a depository receipt which is held in Crest. So pay its dividend through the crest system and as a company to not have a facility to reclaim the tax

[nico115] 19/7/2018 09:53

Thanks SimsoGood to see 30k go out at 102 yday!

[simso] 19/7/2018 08:29

Good call last night about the next move is up, Nick! Proving your Market Maker credentials!

[mr. t] 19/7/2018 08:22

A tick up from spsy this morning...it's been a while since the last one. I wonder how long until the next news?

[glaws2] 19/7/2018 06:41

HL SIPP did 0% correctly and Selfrade ISA 15%

[harrogate] 19/7/2018 06:39

Sonof

SIPP is with stocktrade and they did 0% correctly
ISA and Dealing with IG and they did 15% correctly

The fact that SPSY is listed in the UK is totally irrelevant - it is a US company and you have completed the W-8Ben - should be simple

[ntv] 18/7/2018 18:33

with ii it is held in a dollar account
just waiting for the pound to collapse again :-)

[xajorkith] 18/7/2018 17:30

Don't know about SIPPS, but 15% correctly deducted into my ISA by Selftrade.

[trident5] 18/7/2018 17:19

ii - paid mine correctly, but have provided very poor service in other areas.

[sonofbanjosinger] 18/7/2018 17:15

Can l ask what brokers have paid the dividend correctly? which if the W-8ben had been applied correctly would mean 15% withholdal on normal trading account and ISAs and 0% on Sipps.

[nico115] 18/7/2018 16:13

For first time in weeks spsy actually feel like a good market and the next move I would say is definitely up!!

[nico115] 18/7/2018 14:11

Good to see a new buyer then

[sonofbanjosinger] 18/7/2018 14:09

Not me , had some last week.

[nico115] 18/7/2018 12:54

SonofaThat 17k you?Reinvesting the dividend?

[sonofbanjosinger] 18/7/2018 00:08

I have sent a complaint via there online complaint procedure ..will keep you posted.

[nicholasblake] 17/7/2018 17:27

The W8Ben allows US IRS to determine the domicile of the underlying beneficial owner.
If UK then the withholding tax is determined by the US-UK double tax treaty. If no W8 has been completed a US company is required to deduct the full 30%.

If the sum is material a claim could be made to the IRS for a refund.

[trident5] 17/7/2018 17:13

My broker wouldn't let me buy it unless I completed a W8Ben, the broker I'm transferring to has required me to complete another one - what's the point of completing these if you dont get taxed properly.

[sonofbanjosinger] 17/7/2018 17:11

And according to the imformation holding in a SIpp allows for 0% withholding tax if holding a W-8ben. I also asked if the form is no use ..why did you send me a form to fill out?