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Change to dividend reporting to affect thousands of owner-managed businesses

Summary by Accountants in Sutton Coldfield
From 6 April 2025, many directors will need to report dividend income in much more detail in their Self-Assessment tax return. This change will affect an estimated 900,000 directors across the UK. HM Revenue & Customs (HMRC) will now require directors to disclose the name and registration number of the company, the highest percentage shareholding held during the tax year, and the amount of dividend income received from that company. These figure…
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Accountants in Sutton ColdfieldAccountants in Sutton Coldfield

Change to dividend reporting to affect thousands of owner-managed businesses | Accountants in Sutton Coldfield

From 6 April 2025, many directors will need to report dividend income in much more detail in their Self-Assessment tax return. This change will affect an estimated 900,000 directors across the UK. HM Revenue & Customs (HMRC) will now require directors to disclose the name and registration number of the company, the highest percentage shareholding held during the tax year, and the amount of dividend income received from that company. These figure…

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wem.bizwem.biz

Change to dividend reporting to affect thousands of owner-managed businesses

From 6 April 2025, many directors will need to report dividend income in much more detail in their Self-Assessment tax return. This change will affect an estimated 900,000 directors across the UK. HM Revenue & Customs (HMRC) will now require directors to disclose the name and registration number of the company, the highest percentage shareholding held during the tax year, and the amount of dividend income received from that company. These figure…

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wem.biz broke the news in on Wednesday, April 2, 2025.
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