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Posted Sat, 18 May 2024 12:57:50 GMT by Gillian Smith
I am completing a self assessment for the first time. I have a small number of shares but have elected to have any dividends due used to obtain further shares under a Dividend Re-Investment Plan instead of having the dividends paid to me. Do I have to declare this on my self assessment.
Posted Thu, 23 May 2024 09:15:13 GMT by HMRC Admin 25
Hi Gillian Smith,
If, the company reinvests the dividends by using them to purchase additional shares on a shareholders’ behalf through a dividend reinvestment plan (DRIP) (the company reinvests the shares automatically, without the shareholder having to do a thing or ever receiving the dividends physically themselves), that shareholder does not pay Income Tax on the reinvested dividends until they eventually sell the shares. A
Thank you. 

Posted Mon, 27 May 2024 15:19:33 GMT by Gillian Smith
Thank you.

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