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New dividend rules to impact owner-managed businesses in April

Summary by Grunberg & Co

New tax reporting obligations are on the way, and they will affect hundreds of thousands of directors across the UK. If you are a director of a close company or owner-managed business, you will soon have to provide more detailed information about the dividends you receive through your Self-Assessment tax return. This change takes effect from the 2025/26 tax year and is part of HM Revenue & Customs’ (HMRC’s)efforts to tighten transparency on sh…

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Grunberg & Co

New dividend rules to impact owner-managed businesses in April

1 day ago

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Rotherham Taylor Chartered Accountants

+5 Reposted by 5 other sources

Major changes ahead for directors of close companies – New dividend reporting rules from April 2025

From 6 April 2025, directors of close companies will face a notable change in how they report dividend income on their Self-Assessment tax returns. Under the updated rules introduced by HM Revenue & Customs (HMRC), more detail will be required and is a change set to impact an estimated 900,000 directors across the UK. More paperwork ahead for directors of close companies Currently, directors reporting dividend income on their Self-Assessment t…

2 days ago

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