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Reinvested Dividend

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Reinvested Dividend

  • This topic has 1 reply, 2 voices, and was last updated 9 years ago by AvatarTax Tutor.
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  • July 27, 2016 at 4:55 pm #329884
    Avatarsrijana12
    Member
    • Topics: 24
    • Replies: 22
    • ☆

    If the dividend is reinvested, then do we need to file this to Hmrc as income?

    July 28, 2016 at 9:47 am #329964
    AvatarTax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    As individuals we will “reinvest” most of our income in all sorts of things through our life, but this does not prevent that income being taxable when it is received! So yes all taxable income must be declared to HMRC through the self assessment system.

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