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HMRC internal manual

International Exchange of Information Manual

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HM Revenue & Customs
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Reportable Information: Non-Participating Financial Institutions: Dividends Paid by a Financial Institution

Reportable Information: Non-Participating Financial Institutions: Dividends Paid by a Financial Institution

Dividend payments made by a Financial Institution to its shareholders will only be reportable where the shareholding is held in a financial account of a Non-Participating Financial Institution.

Shareholdings of a Financial Institution, other than shareholdings or equity interest in certain Investment Entities [see IEIM401700], are not deemed to be financial accounts in their own right and as such where a payment is made directly to an investor who is an NPFI, the payment will not be reportable.

Use this link to view diagram that shows examples of where the reporting for dividend payments requirement will apply