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Posted Tue, 11 Jan 2022 01:02:14 GMT by Edward
Hello, In 2020/21 I held 4 distributing ETFs (2 Equity type and 2 Bond type, all 4 UK reporting foreign funds) on 7 April 2021 in my online UK retail account I received 4 distributions 2 of which qualify as overseas interest and 2 as overseas dividend. The record date for the distributions was 19 March 2021, effective date 31 March 2021 with payment typically made 10 business days after, as mentioned I received all 4 payments on April 7th 2021. The online platform provided me with a tax voucher where they included these 4 distributions in tax year 2020/21 but shouldn't I be declaring those payments in the 2021/22 SA tax return as I received the payments on 7-Apr-21? Thank you. Regards 
Posted Tue, 11 Jan 2022 12:09:09 GMT by HMRC Admin 17

Hi,
 
No payments are declared when they accrue i.e these would be declared in the 20/21 year.

You would use the date for the distributions, not the date the payments finally went in your bank account. 

Thank you.

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