johngold1 johngold1

Hi everyone. The HMRC admins on here may be giving incorrect advice. I understand that from HMRC that generally you DO have to declare dividends in your self assessment even if they are not received in cash, i.e additional shares or investments back into a fund. I understand that these dividends may be taxable,especially if they are above £2000 Could the HMRC admins on this forum please double-check and respond here please? Thanks.

Hi HMRC admin I have Accumulation investment funds and I have received dividends of approx £3000, but the dividends not received in cash, they are reinvested into the funds. Is this the same situation as above where you said ; "If the company pays out cash dividends, you will owe taxes on those payments even if you decide to reinvest the cash received. If however, the company reinvests your dividends to purchase additional shares, you will not owe taxes until you sell those shares" ? i.e. do I need to report these dividends in my Self Assessment? Thank you.