Self Assessment Share Dividends (DRIP)

I have a small amount of shares and the company doesn't pay out cash dividends to me. Instead the company retains the cash dividend and reinvests it under a DRIP (Direct Reinvestment Plan) to purchase further shares in the company. Would I be correct in stating that since the organisation reinvests my dividends to purchase additional shares there will be no taxed owed until the shares are sold and therefore no requirement to include details of the reinvested amount in my self assessment form for the tax year?

Hi,

Yes, that is correct.

Thank you.