Dividend Re-Investment Plan

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.

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. 

 

Thank you.