Date | Subject | Author | Discuss |
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16/6/2025 17:32:55 | The HMRC post is about an employee share scheme (=a Trust).The DRIP occuring within the trust would not be taxable to the individual as the individual never beneficially received the dividend.However if it is paid to a broker/ bank account or nominee account with registrar - this is to your individual benefit even if they reinvest it the same day and you never see the cash. There is no Trust here.Anyway, the answer will be on your end of year tax certificate. |  elbrus55 | |
16/6/2025 10:07:34 | Great read across from entain update on USA hopefullyThis has so much upside still |  privileged | |
16/6/2025 09:21:31 | Hinds most of brokers have options to reinvest dividends payout automatically ... I use Halifax bank and they have options , once dividends money come out , cone automatically buy shares with that money ... but u need to select options ... dividends reinvested section |  blackhorse23 | |
14/6/2025 16:00:33 | CHAT GPT says you to pay tax |  niklol | |
14/6/2025 15:59:18 | CHAT GPT says you do pay tax |  niklol | |
14/6/2025 12:48:06 | Elbruss thats what I thought but the below says different
Posted 2 months ago by HMRC Admin 20 Response
Hi,
If a company pays out cash dividends to shareholders and they use that cash to buy additional shares (in other words, they reinvest the dividends themselves – the company does not automatically reinvest the dividends on their behalf), that shareholder will owe income tax on the dividend payments made in the year they are received – just as if they were taken as cash and never reinvested.
If, however, the company reinvests the dividends by using them to purchase additional shares on a shareholders’ behalf through a dividend reinvestment plan (DRIP) (the company reinvests the shares automatically, without the shareholder having to do a thing or ever receiving the dividends physically themselves), that shareholder does not pay income tax on the reinvested dividends until they eventually sell the shares. At the point of selling the shares, capital gains tax would apply on any increase in share value since the reinvestment occurred.
Thank you. |  hindsight | |
13/6/2025 22:51:50 | If held by a UK taxpayer (and outside ISA/SIPP etc), dividends are always taxable regardless of any dividend reinvestment option. It would create a massive tax loophole otherwise. You will find your taxable income on your annual tax statement from the registrar/ broker. It will appear under foreign income because it is an Isle of Man company but it makes no difference. The income will also be notified to HMRC along with your NI number (and/or the authority of the country where you live if you are not in the UK). |  elbrus55 | |
13/6/2025 19:04:26 | May I ask which brokers option the DRIP reinvestment option ? |  hindsight | |
13/6/2025 16:28:55 | It's not taxable if automatic reinvest within Portfolio .... If you received in bank then apply buying shares ... that's different... but if you choose to automatically reinvest buying same shares then u can avoid tax |  blackhorse23 | |
13/6/2025 16:01:31 | It’s in an isa, so should be ok. |  oggyrocks | |
13/6/2025 15:34:17 | Blackhorse - wrong on the dividends, the inland revenue treat dividend reinvestment as if you have received the income. Its taxable when paid not received. |  rimau1 | |
13/6/2025 15:32:10 | Directions are buying again |  blackhorse23 | |
13/6/2025 15:26:07 | reinvest dividends better for tax purposes |  blackhorse23 | |
13/6/2025 13:55:14 | Barclays have paid today and auto reinvested in dividend. Wasn’t sure if they would as it’s a special dividend, but they did and paid 313 which seems ok with me. Have 150% ish more shares now than yesterday, so let’s see this fly now please. |  oggyrocks | |
12/6/2025 19:14:13 | Obviously Barclays haven’t credited my account yet. Will be happier once monies received. |  oggyrocks | |
12/6/2025 17:03:41 | 970m mkt capcould think this was a mistake |  bargainsniper | |
12/6/2025 09:29:34 | Money already in the account. Part of it will be reinvested into Playtech. |  randdokic | |
11/6/2025 09:55:45 | From tomorrow will be very good , 1.2 billion pounds dividends reinvested ... it will go to moon |  blackhorse23 | |
11/6/2025 08:28:10 | How many of you will be reinvesting your divi back into the company tomorrow? |  orchestralis | |
09/6/2025 16:22:55 | Alphawave & Spectris bids today waving goodbye to LSE. Playtech has too many colabs out there for someone 'friendly' not to bite. |  the white house | |
09/6/2025 10:17:46 | Multibillion dollars market in Ontario |  blackhorse23 | |
07/6/2025 19:47:37 | Playtech to power High Roller casino launch in Ontario |  bargainsniper | |
06/6/2025 15:22:31 | Loads of buys gone through today but the share price has not moved upwards |  niklol | |