I Have Done A Very Stupid Thing
ChatterBank5 mins ago
I have been asked if dividends are paid net of tax or gross
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General info here:
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^^^ From my gov.uk link above:
"You do not need to tell HMRC if your dividends are within the dividend allowance for the tax year".
So, if the dividends that the lady has been receiving have never exceeded the annual allowances for the relevant years, she needn't do anything at all. (See link for the actual allowances).
Otherwise she should see 'Pay tax on up to £10,000 in dividends' or 'Pay tax on over £10,000 in dividends', as appropriate, in the link.
^^^ Start here:
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