Dividends

Hi, I have a SIP scheme with my employer and the dividend is reinvested (to acquire dividend share) within the scheme. Am I correct in thinking that these dividend/dividend share received do not need to be included in the self-assessment as they are within the scheme? Separately, I have company shares purchased through the Sharesaver scheme (not SIP) from my employer which pays dividend and it was automatically reinvested (to acquire dividend share). My employer is based in London but the company is listed in New York stock exchange and therefore pays dividend in US dollars. Should the dividend (dividend share reinvested) received needs to be included in Foreign dividends section? Lastly, for the purpose of tax year, should I use dividend “ex dates” or “payment dates”? Only makes very small difference but would like to understand the correct treatment. Thank you

Hi Geck09,
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.
At the point of selling the shares, Capital Gains Tax would apply on any increase in share value since the reinvestment occurred.
For the share save please refer to:
Tax and Employee Share Schemes
Thank you.