1. Overview

If you own shares in a company, you may get a dividend payment.

You must declare all your dividends in your Self Assessment tax return after the end of the tax year.

You don’t have to do anything more about tax on your dividends if:

  • you’re a non-taxpayer
  • you pay the basic 20% rate of Income Tax

If you’re a higher (40%) or additional (45%) rate taxpayer, you must pay extra tax.