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Posted Tue, 19 Dec 2023 12:11:15 GMT by
I just completed 2022/23 self assessment. I entered some dividends earned under "Dividends from UK companies.". I thought the first £1000 of dividends should be tax free, but in the final calculation, the full dividends earned were included as taxable income. What did I do wrong?
Posted Fri, 22 Dec 2023 14:25:22 GMT by HMRC Admin 32 Response
Hi,

Dividends are still taxable income so the amount will show at the top of your calculation. If you look further down on how the tax due has been calculated, you will see there that the first £2000 (for 2022 to 2023) is taxed at 0%.

Thank you

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