From 6 April 2025, many directors will need to report dividend income in much more detail in their Self-Assessment tax return. This change will affect an estimated 900,000 directors across the UK. HM Revenue & Customs (HMRC) will now require directors to disclose the name and registration number of the company, the highest percentage shareholding... The post Change to dividend reporting to affect thousands of owner-managed businesses appeared first on Clay Shaw Thomas.
Clay Shaw Thomas is an England-based accounting firm that offers services such as retirement planning, auditing and payroll management for sectors including healthcare and IT.