Self Assessment Tax Return and Dividends

Self Assessment Tax Return and Dividends

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RESSE

Original Poster:

5,705 posts

222 months

Monday 6th January 2014
quotequote all
How do I record share dividend on a tax return.

40% tax payer (employed person) receives a dividend net of tax into bank account for £264.07.

10% taken at source (I think) so do I gross up the £264.07 (10% + 22.5%)?

So would the amount be £349.89 (less 10% at source less 22.5% as a 40% tax payer) = £264.07

Eric Mc

122,078 posts

266 months

Monday 6th January 2014
quotequote all
You just put the net dividend amount in the appropriate box. The system will do the calculating for you.

RESSE

Original Poster:

5,705 posts

222 months

Monday 6th January 2014
quotequote all
Eric Mc said:
You just put the net dividend amount in the appropriate box. The system will do the calculating for you.
Thanks Eric

smile