IanIan
7th January 2007, 23:04
Hi,
For years I have been receiving dividend payments from EMI Group twice a year and then specifying on my tax return how much I was payed and the tax paid on it.
I have since enrolled in a 'script dividend' scheme and instead of receiving payments I've been given new shares. When I haven't earnt enough from the dividend to buy a new share the money is held over until the next dividend and added to that sum.
The question is, what do I put on my tax return now? The summary I've been sent has a box called 'notional tax treated as payed on the new shares'. What does this mean?
Any help would be appreciated.
Cheers, Ian.
For years I have been receiving dividend payments from EMI Group twice a year and then specifying on my tax return how much I was payed and the tax paid on it.
I have since enrolled in a 'script dividend' scheme and instead of receiving payments I've been given new shares. When I haven't earnt enough from the dividend to buy a new share the money is held over until the next dividend and added to that sum.
The question is, what do I put on my tax return now? The summary I've been sent has a box called 'notional tax treated as payed on the new shares'. What does this mean?
Any help would be appreciated.
Cheers, Ian.