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Posted Mon, 03 Apr 2023 14:53:54 GMT by bigpapanoodle
Is it absolutely necessary to declare dividends from share holdings even if they fall well within the present £2000 allowance permitted? I ask because with the recent reports of allowances being cut for the next two years, this will impact on my tax liability.
Posted Thu, 13 Apr 2023 11:34:15 GMT by HMRC Admin 19

If you already complete a tax return then yes you will still show them.

The allowance reduces to £1000 from 6 April 2023 so if you are above this, you will need to declare them as tax will be due on the excess.

Thank you.

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