New tax return information requirements for company directors from 2025/26 onwards
Published: 1 May 2026
Last updated 9 October 2026
From the 2025/26 tax year onwards, directors who are already required to file a personal tax return must provide additional information in their returns, unless an exception applies.
These requirements are set out in Statutory Instrument 2025/84, The Income Tax (Additional Information to be included in Returns) Regulations 2025 (“the Regulations”).
This guide sets out a number of Frequently Asked Questions (FAQs) to help taxpayers and agents understand who is affected and what information must be provided. It is intended for those completing personal tax returns for the 2025/26 tax year onwards.
Following feedback from the ATT and other stakeholders, HMRC has recognised that the Regulations as drafted risk putting an unnecessary administrative burden on certain taxpayers to provide information that is not useful for tax administration and is outside the intended purpose of the Regulations. As such, HMRC has decided to exercise its Care and Management powers under section 1 of the Taxes Management Act 1970 not to enforce the new reporting requirements for specific scenarios.
This FAQs guide reflects the ATT's understanding of the legislation, HMRC’s SA102 Employment Page notes, SA150 notes and clarifications provided to us by HMRC as at the date of publication. Readers should check the available legislation and any official guidance on GOV.UK before relying on the position described in this guide.
How to use this FAQ guide
Some FAQs describe circumstances in which HMRC’s published guidance states that the additional information does not need to be reported, even though that approach is not expressly set out in, or may not fully align with, the current wording of the Regulations.
The following labels are used throughout the guide:
Important: This label identifies a position that reflects HMRC’s stated interpretation or approach at the time of publication, particularly where that position is not expressly set out in, or does not fully align with, the wording of the legislation.
Outstanding query: This label identifies a point on which the ATT has asked HMRC for clarification but has not received a definitive response. The relevant FAQ will be updated as and when further guidance or clarification is received from HMRC.
Note: This label provides supplementary information or context that may help readers understand or apply the answer.
When do the additional information requirements apply?
First, consider whether you are otherwise required to file a personal tax return for the relevant tax year. The Regulations do not create a separate obligation to file a tax return. You only need to provide the additional information if you are otherwise required to file a return (see “Do I need to report additional information if I am not otherwise required to file a tax return?”).
If you are required to file a personal tax return, you must provide the required additional information for each directorship you held during the year (see “How do I know if I have a directorship?”) unless one of the following exceptions applies:
- You are a director of a non-UK company and received no pay or benefits from the company (see “Do I need to report additional information if I am a director of a non-UK company?”).
- You are a director of a registered charity or community interest company and neither received nor became entitled to receive any of the following from that company or any connected company:
- employment income;
- dividend income; or
- any other type of distribution.
(see “Do I need to report additional information if I am a director of a registered charity or community interest company?”).
You must consider each directorship separately. If an exception applies to one directorship, you do not need to provide the additional information for that directorship. However, you may still need to provide the information for any other directorships you hold.
Important: These exceptions reflect HMRC’s stated interpretation and approach at the time this guide was last updated (see above).
Note: The additional information requirements only apply to directors filing personal tax returns for the 2025/26 tax year onwards.
Whether or not someone is a director is not dictated by their job title, but the functions they perform.
Under section 250 of the Companies Act 2006, a director includes any person occupying the position of director, even if not formally appointed.
This means that a person who acts as a director without having been formally appointed may be a de facto director and may be subject to the additional information requirements.
HMRC has confirmed that, where an individual performs functions that fall within the definition of a director in section 250 of the Companies Act 2006, they will be regarded as a director for the purposes of the Regulations.
Yes.
The additional information requirements apply to “directors”. Under section 250 of the Companies Act 2006, a director includes any person occupying the position of director, even if not formally appointed.
This means that a person who acts as a director or performs functions and makes decisions that are typically the responsibility of a director, without having been formally appointed (often referred to as a de facto director), may be treated as a director and subject to the same additional information requirements.
See” When do I need to report additional information for a directorship?” And “What additional information do I need to include in my tax return if I’m a director?” for details of the additional information required.
It depends.
The additional information requirements apply to “directors”. Under section 250 of the Companies Act 2006, a director includes any person occupying the position of director, even if not formally appointed.
Officers of a company (such as a company secretary) are not automatically included in this definition. However, if an officer acts as a director, or performs functions and makes decisions that are typically the responsibility of a director, they may be treated as a de facto director and therefore fall within the scope of the additional information requirements.
Important: HMRC's SA102 Employment Page notes and SA150 notes indicate that company secretaries are only required to complete employment Pages where they receive income in that capacity. However, HMRC has confirmed that where a company secretary performs functions that fall within the definition of a director in section 250 of the Companies Act 2006, they would be regarded as a director for the purposes of the Regulations and would be required to provide the additional information unless one of the exceptions applies (see “When Do I need to report additional information for a directorship?”).
Please see “What additional information do I need to include in my tax return if I’m a director?” for details of the additional information required.
No.
HMRC do not expect company directors to complete a tax return solely because they are directors. The Regulations do not create a separate obligation to file a tax return.
You only need to provide the additional information if you are already required to file a personal tax return for the 2025/26 tax year (or later tax year), whether under Making Tax Digital for Income Tax or ’classic’ Self Assessment.
It depends on whether you received what HMRC describes in their guidance notes as "pay or benefits" from the non-UK company.
If you received pay or benefits from a non-UK company, HMRC expects you to complete an SA102 Employment Page and provide the additional information for that directorship.
If you received no pay or benefits from the non-UK company, HMRC does not expect you to complete an SA102 Employment Page and provide the additional information for that directorship.
Important: The Regulations do not distinguish between UK and non-UK companies. On a strict reading of the Regulations, a director of a non-UK company who is otherwise required to file a personal tax return would still be required to confirm whether they were a director during the tax year (box 6), and if so, whether the company is a close company (box 7), even if they received no pay or benefits from the company.
The requirement to provide the company name, registration number, the dividends received and percentage of share capital (in boxes 7.1 to 7.4) is required only where the individual is a director of a close company. For these purposes, “close company” has the meaning given in section 439 of the Corporation Tax Act 2010. Section 442 excludes non-UK resident companies from that definition. Therefore, where the company is not UK resident, it cannot be a close company for these purposes and boxes 7.1 to 7.4 would not be required.
This differs from HMRC’s published position. HMRC’s guidance states that an SA102 Employment Page is only required for a director of a non-UK company where the director received pay or benefits. HMRC has confirmed to us that its published guidance should be followed. Therefore, under HMRC’s current stated approach, a director of a non-UK company who received no pay or benefits should not complete an SA102 Employment Page.
Outstanding queries: HMRC’s guidance refers to a “non-UK company” but does not define that term. We have asked HMRC to confirm whether the distinction between a “UK company” and a “non-UK company” is based on the company’s residence for UK corporation tax purposes, rather than its place of incorporation or registration.
We have also asked HMRC to confirm that the reference to directors of non-UK companies being "with pay or benefits" applies only where the individual receives employment income that is taxable in the UK in the relevant tax year. For example, we have asked HMRC to confirm the position where a German resident files a UK tax return solely in respect of UK property income and holds a non-UK directorship, but the remuneration from that directorship is taxable only in Germany. It is currently unclear whether HMRC would expect an SA102 Employment Page to be completed in these circumstances.
We have also asked HMRC to confirm whether “pay or benefits” is intended to mean employment income taxable in the UK, and whether it excludes dividends and other distributions. This FAQ will be updated as and when further clarification is received.
Yes.
If you are otherwise required to file a personal tax return, you must provide the required additional information for a directorship in a UK dormant company (see “What additional information do I need to include in my tax return if I’m a director?”).
HMRC has confirmed to us that the additional information requirements apply to directors of UK dormant companies. The updated SA102 Employment Page notes and SA150 notes now state that you must complete the ‘Employment Page’ if you “were a director of a UK company, including a dormant company”.
Under HMRC's published guidance, no, provided that you received no pay or benefits from the company (see “Do I need to report additional information if I am a director of a non-UK company?”).
HMRC’s SA102 Employment Page notes and SA150 notes state that an SA102 Employment Page is required for a director of a non-UK company only where the director received pay or benefits. On that basis, HMRC does not expect you to provide the additional information for an unpaid directorship in a non-UK dormant company.
If you received pay or benefits from the company, you must complete an SA102 Employment Page and provide the required additional information. (see “What additional information do I need to include in my tax return if I’m a director?”).
It depends on whether the directorship is of a UK company or a non-UK company.
- Director of a non-UK company: If you received no pay or benefits from the company, HMRC does not expect you to provide the additional information for that directorship. (see “Do I need to report additional information if I am a director of a non-UK company?”).
- Director of a UK company: You must provide the additional information regardless of whether you received any pay, benefits or dividends from the company.
Therefore, if you are a director of a UK company and are otherwise required to file a personal tax return, you must complete an SA102 Employment Page for the directorship even if you received no pay, benefits or dividends from the company (see “What additional information do I need to include in my tax return if I’m a director?”).
If the UK company is a close company and you received no dividends from it, you must enter zero in box 7.3, Dividends you received from this close company”. If you leave this box blank, you may be treated as having failed to provide the required additional information and a penalty may apply (see “Are there penalties for failing to provide the additional information?”).
Important: HMRC's SA102 Employment Page notes and SA150 notes state that directors of non-UK companies are only required to complete an SA102 Employment Page where the director received pay or benefits. However, this approach is not expressly reflected in the Regulations. See "Do I need to report additional information if I am a director of a non-UK company?" for further discussion.
Yes.
You must provide the additional information if you were a director of a company at any point during the tax year (unless one of the exceptions applies, see “When do I need to report additional information for a directorship?”), even if you resigned or ceased to be a director before the end of the tax year.
This includes cases where:
- you became a director part way through the tax year;
- you were appointed and resigned within the same tax year; or
- you ceased to be a director part way through the tax year.
Please see “What additional information do I need to include in my tax return if I’m a director?” for details of the additional information required.
If a company becomes a close company part-way through the tax year, the additional information requirements apply in relation to the period during which the company is a close company.
HMRC has confirmed that dividends received before the company became a close company should not be included in Box 7.3 (dividend income received from the close company).
Please note that dividends received before the company becomes a close company would however remain reportable as part of the overall declaration of dividend income in the SA100 return.
Example
David is a director of ABC Ltd throughout the 2025/26 tax year. ABC Ltd is not a close company at the start of the tax year but becomes a close company on 1 January 2026.
David receives:
- a dividend of £5,000 on 1 June 2025; and
- a dividend of £3,000 on 1 February 2026.
David would be required to provide the additional information (see “What additional information do I need to include in my tax return if I’m a director?”).
However, only the £3,000 dividend received after ABC Ltd became a close company, on 1 January 2026, should be included in Box 7.3.
Both dividends (£8,000 in total) should be included in David's total dividend income reported on the SA100.
Potentially.
For the purposes of these requirements, “company” takes its meaning from section 1121(1) CTA 2010 (with section 617), which includes a body corporate, unincorporated association, local authority or local authority association (but does not include a partnership).
Unless one of the exceptions applies, a director of an unincorporated association may be required to comply with the additional information requirements (see “Do I need to report additional information if I am a director of a registered charity or community interest company?”).
Outstanding query: HMRC’s SA102 Employment Page notes and SA150 notes only make reference to an exemption for UK registered charities or community interest companies. We have asked HMRC to confirm whether all other unincorporated associations are intended to be in scope of the additional information requirements.
We have also asked HMRC to confirm what registration number should be entered in box 7.2 where an unincorporated association meets the definition of a close company and the director is therefore required to provide the additional information.
This FAQ will be updated if further clarification is received.
It depends on whether you received, or became entitled to receive, income or a distribution from the company or any connected company.
HMRC does not expect you to provide the additional information for the directorship if:
- you are a director of a registered charity or community interest company; and
- you neither received nor became entitled to receive any:
- employment income;
- dividend income; or
- other type of distribution,
from that company or any connected company.
If these conditions are not met, you must complete an SA102 Employment Page and provide the additional information for the directorship.
Important: This exception reflects HMRC’s stated interpretation and approach at the time this guidance was last updated. The Regulations do not contain a specific exception for directors of registered charities or community interest companies. On a strict reading of the Regulations, a director who is otherwise required to file a personal tax return would still be required to provide the additional information.
HMRC has confirmed to us that its published guidance should be followed. Therefore, under HMRC’s stated approach, a director who meets all the conditions set out above should not complete an SA102 Employment Page.
Outstanding query: HMRC’s SA102 Employment Page notes and SA150 notes provides a detailed exception for directors of UK registered charities and community interest companies, covering employment income, dividend income and other distributions from the company or a connected company, including amounts the director became entitled to receive. By contrast, its guidance for directors of non-UK companies refers only to directors with “pay or benefits” (See, “Do I need to report additional information if I am a director of a non-UK company?”). We have asked HMRC to clarify whether “pay or benefits” is intended to cover the same income, distributions and entitlements, or whether the difference in wording is intentional.
We have also asked HMRC to clarify the definition of a registered charity for these purposes (i.e. is it is one registered with HMRC, the relevant UK charity regulator (for example, the Charity Commission or Scottish Charity Regulator (OSCR)) OR an equivalent overseas body).
This FAQ will be updated as and when further clarification is received.
Yes.
You must complete a separate SA102 Employment Page for each directorship you hold (unless an exception applies), including where no income has been received or where the director does not own shares in the company.
You cannot provide this information in a single white space disclosure listing multiple directorships.
Note: HMRC has now updated its SA102 Employment Page notes and SA150 notes. The SA102 Employment notes state: “You’ll need to fill in a separate ‘Employment’ Page for each job, directorship or office you held in the year.”
Yes.
If you are a director of a number of companies within the same group, HMRC will expect you to file a separate SA102 Employment Page for each individual company within the group for which you are a director.
As the holding company owns all of the shares and receives any dividends you will need to report zero in boxes 7.3 and 7.4.
What additional information do I need to provide?
From the 2025/26 tax year onwards, directors must provide additional information in their tax returns, unless one of the exceptions applies (see "When do I need to report additional information for a directorship?").
When completing the SA102 Employment Pages, you must include the following additional information:
Director and company status:
- Whether you were a director during the tax year (box 6), and
- If so, whether the company is a close company (box 7)
You must provide this information for each of your directorships. For 2024/25 and earlier tax years, these boxes were included in the SA102, but completion was not mandatory.
Close company details:
Where you are a director of a close company, you must also provide the following additional information:
- The name of the close company (box 7.1);
- The company registration number (box 7.2);
- The dividend income you received from that close company (box 7.3)
- you must include this even if the amount is zero,
- this income should also be reported elsewhere in the SA100 (main tax return). For many taxpayers, this will be box 4 of Page TR3 of the SA100. However, the dividend income may be reported elsewhere depending on the circumstances (see “How do I calculate the dividends that I received from the company”).
- The total percentage of the share capital held in the company (see “How do I calculate my percentage shareholding?”) (box 7.4),
- you must include this even if the percentage is zero.
These boxes (7.1 to 7.4) are new for the 2025/26 tax year onwards and a separate SA102 must be completed for each close company you are a director of.
Boxes 7.1 to 7.4 are only required where you are a director of a close company. If you are a director of a company that is not a close company, these boxes do not need to be completed, even if you own shares in the company. You are however still expected to complete boxes 6 and 7 (see above).
The Regulations require directors to provide additional information in their tax returns. They specify the information that must be provided but do not themselves prescribe where in the return that information must be entered.
HMRC however has powers under section 113 Taxes Management Act 1970 to prescribe the form in which tax returns must be made. HMRC has exercised those powers by:
- making boxes 6 and 7 of the SA102 Employment Page mandatory;
- introducing the new boxes 7.1 to 7.4; and
- stating in SA102 Employment Page notes and SA150 notes that the additional information should be provided through the SA102 Employment Pages.
HMRC has confirmed to us that directors should provide the additional information through the SA102 Employment Pages and not solely in a white space disclosure.
Important: It is arguable that not all of the information required under the Regulations is relevant to the collection and management of the taxes listed in section 1 Taxes Management Act 1970. However, HMRC has confirmed to us that directors should provide the additional information through the SA102 Employment Pages and not solely in a white space disclosure. We are unlikely to see this issue tested before the tribunals and taxpayers should follow HMRC's published guidance in force at the time they submit their tax return.
Reporting the dividends received (SA102 Box 7.3)
Where you are a director of a close company, the Regulations require you to report the amount received by way of dividend income from the close company during the tax year (which may be zero);
HMRCs SA102 Employment Page notes state;
“Put the amount of dividend income you received from the close company in box 7.3, enter zero if you did not receive any dividend income during the tax year. This should be the same types of income that you included on Page TR 3, box 4 of the SA100 and other relevant areas of your tax return where dividend income applies.”
In discussions with HMRC, we have been told that the amount reported in box 7.3 should reflect the amount of dividend income (or other distribution taxable at the dividend rates) that is included elsewhere in the directors’ tax return in relation to that company.
Note: The wording used in both the Regulations and HMRC's guidance may give rise to questions in more complex situations. For example, a dividend may not always be received directly by the individual who is required to complete the SA102 Employment Page, even though the income is ultimately taxed on that individual.
Example
A professional services LLP owns all of the shares in a close company. The dividends are paid to the LLP and included in the partnership tax return. Under the partnership profit-sharing arrangements, part of that dividend income is allocated to a partner who is also a director of the company and is reported on that partner's personal tax return.
Although the dividend is received directly by the LLP rather than the partner, it is our understanding that HMRC would expect the amount reported in box 7.3 to be the amount taxable as dividend income in the director's tax return in relation to that company.
You are still required to provide all of the additional information (see “What additional information do I need to include in my tax return if I’m a director?”).
If you are a director of a close company, you must populate box 7.3, "Dividends you received from this close company", if you did not receive any dividend income from that company during the tax year you must enter zero.
If box 7.3 is left blank, you may be treated as having failed to provide the required additional information and a penalty may apply (see “Are there penalties for failing to provide the additional information?”).
Percentage shareholding in the close company (SA102 Box 7.4)
HMRC’s SA102 Employment notes for 2025/26 state that:
“Put the total percentage of the share capital owned in box 7.4. This should be calculated by reference to the nominal value of the shares and would be the highest percentage shareholding you received throughout the year”
Example:
Sam owns 5,000 £1 ordinary shares in Cars Ltd. If Cars Ltd has a total of 10,000 £1 ordinary shares in issue, Sam’s percentage shareholding is 50% (5,000/10,000 × 100) of the nominal share capital.
Important: The Regulations require directors to report the percentage of share capital held, whereas HMRC's SA102 Employment notes refer to the percentage of share capital owned. In straightforward cases, these terms will generally produce the same result. However, different outcomes may arise where shares are for example held through arrangements involving trusts or LLPs.
See "Should I report the total percentage of share capital owned or held?" for further discussion.
The Regulations refer to the percentage of share capital held, whereas the SA102 Employment notes refer to the percentage of share capital owned.
In straightforward cases, these terms will generally produce the same result. However, different outcomes may arise where shares are for example held through arrangements involving trusts or LLPs.
Example
Anne is the registered owner of 100 shares in X Ltd, but 50 of those shares are held on bare trust for Ben. Anne is therefore the legal owner of all 100 shares, while the beneficial ownership is split equally between Anne and Ben. Both Anne and Ben are directors of X Ltd and are required to file tax returns.
It is our understanding that HMRC would expect the percentage reported in box 7.4 to align with the dividend income reported by the individual in their tax return. On that basis, Anne would report a 50% shareholding and Ben would report a 50% shareholding.
Important: HMRC's published guidance does not currently address all situations where legal ownership and beneficial ownership differ. The explanation above reflects our understanding of HMRC's intended approach based on discussions to date.
You should report the highest percentage owned during the tax year.
For example, if your percentage shareholding decreases from 60% to 50% during the tax year, you should report 60%, being the highest percentage owned.
Companies may have multiple share classes with different nominal values.
The percentage shareholding is based on the total nominal value of shares held compared to total nominal value of the issued share capital.
Example: Laura is a director and shareholder in Music Ltd.
Laura owns
- 100 £1 A ordinary shares (£100)
- 40,000 £0.01 B ordinary shares (£400)
The total nominal value of Laura’s shares is £500 (£100 + £400).
Music Ltd has issued:
- 200 £1 A ordinary shares (£200)
- 80,000 £0.01 B ordinary shares (£800)
The total nominal value of share capital in Music Ltd is £1,000
Laura’s percentage of nominal share capital is 50% (500/1000).
All share capital should be included when calculating the percentage, regardless of rights attached. This includes shares described as:
- Preference
- Non-voting
- Redeemable
- Cumulative
- Convertible
“Ordinary share capital” excludes shares with a fixed dividend and no further rights to profits.
However, for this requirement, the legislation refers to nominal share capital, meaning all issued share capital (including that with fixed dividends) should be considered.
You are still required to provide the additional information if you are a director of a close company (see “What additional information do I need to include in my tax return if I’m a director?”).
Even if you do not hold any shares, you must enter zero in:
- Box 7.3 – dividend income received from the close company
- Box 7.4 – percentage of share capital held
If either of these boxes are left blank, you could be treated as having failed to provide the required additional information and may be subject to a penalty (see “Are there penalties for failing to provide the information?”).
Penalties
Yes.
A penalty of £60 may apply if you fail to provide the required additional information. (see “What additional information do I need to include in my tax return if I’m a director?”).
HMRC has indicated to us that the additional information requirements for directors (Regulations 3, 4, and 5 SI 2025/84) are treated as a single composite requirement.
HMRC's view is therefore that only one £60 penalty can arise in relation to a tax return for failure to comply with the additional information requirements. This applies regardless of:
- how many directorships are involved;
- how many close companies are involved; or
- how many items of required additional information (for example, name of the close company, company registration number, dividend income or percentage shareholding) are omitted.
In particular:
- a separate penalty does not arise for each directorship; and
- a separate penalty does not arise for each missing item of information (for example, the company name, company registration number, dividend income or percentage shareholding).
Example
Chris is a director of four close companies and is required to provide the additional information for each directorship.
- If he fails to provide the information for one of the companies, a single £60 penalty may apply.
- If he fails to provide the information for all four companies, a single £60 penalty may apply.
- If he provides all of the required information except his percentage shareholding for one of the companies, a single £60 penalty may apply.
Important: The position set out above reflects HMRC’s interpretation at the time of publication.
HMRC has not confirmed that a formal soft-landing approach will apply.
Agent Update 147 stated that HMRC will take a considered approach to compliance on a case-by-case basis. It will take account of all relevant facts and circumstances, including the reasonable efforts taxpayers have made to meet their obligations in light of the information and guidance available to them at the time.
Given the uncertainty surrounding HMRC’s interpretation of the additional information requirements, the wording of SI 2025/84 and HMRC’s guidance, as discussed throughout this FAQ guide, we have asked HMRC to consider adopting a formal soft-landing approach while further clarification is sought.
Outstanding query: At the time of writing, HMRC has not confirmed whether a formal soft-landing approach will be adopted. This FAQ will be updated as and when further clarification is received.
Software and practical issues
HMRC has confirmed that, if you have more directorships than the online filing system allows you to report on separate SA102 Employment Pages, you should report the remaining directorships in the ‘Any other information’ section of the return.
You should:
- Complete the maximum number of SA102 Employment Pages permitted by the online filing system.
- Use the available Employment Pages first for employments and directorships that require entries for employment income, benefits, expenses or other employment-related entries.
- Provide the required details for any remaining directorships in the ‘Any other information’ section of the return.
HMRC’s guidance within its online filing system, ‘Help about: Employment 06 – Company director’, makes it clear that all available SA102 Employment Pages must be used before details of any remaining directorships are entered in the ‘Any other information’ section.
You should not report all your directorships in the ‘Any other information’ section instead of completing the available SA102 Employment Pages. Failure to provide the information in the required format could result in a penalty (see “Are there penalties for failing to provide the information?”).
Note: HMRC’s guidance on what to do in this situation is contained within its own online filing system (screen shot below).
Outstanding queries: We have asked HMRC to confirm whether the same approach applies where a return is filed using third-party software. The guidance described above appears within HMRC’s online Self-Assessment filing system, but commercial software may impose different limits on the number of SA102 Employment Pages that can be submitted. Agent Update 147 explains that guidance has been added for agents and their clients using HMRC’s online reporting system where the number of employments and directorships exceeds the available Employment Pages. It is therefore not yet clear whether HMRC intends the same approach to apply to returns filed using third-party software. This FAQ will be updated as and when HMRC provides further clarification.
Other
HMRCs published guidance on the additional information requirements for directors is currently limited.
The following sources contain some guidance on the new requirements:
- HMRC’s SA102 Employment Page notes
- HMRC’s SA150 notes
- Agent Update 147, which discusses recent updates to HMRC's guidance on reporting directorships, close companies and dividend income.
While these sources provide some assistance, a number of technical points remain unclear (as highlighted above). Where the ATT is aware of an area of uncertainty, or has asked HMRC to clarify its position, this has been highlighted throughout this FAQ guide using the ‘Outstanding query’ label.
We will update this guide as and when further guidance or clarification is received from HMRC.
Yes.
Reporting dividend income in box 7.3 of the SA102 Employment PPage does not remove the requirement to report that income elsewhere in your tax return.
As a result, the same dividend income may be reported:
- in box 7.3 of the SA102 Employment Page; and
- elsewhere in the tax return as dividend income.
For many taxpayers, this will be box 4 of Page TR3 of the SA100. However, the dividend income may be reported elsewhere depending on the circumstances. For example, different reporting requirements may apply where the dividend is received through an LLP or where a script dividend is involved.
Note: The purpose of box 7.3 is not to replace the normal reporting of dividend income elsewhere in the tax return. Rather, it requires directors of close companies to provide further disclosures and separately identify the dividend income received from that particular close company.
Yes.
If you are within MTD for Income Tax, you will still need to provide the additional information in your final year-end tax return.
Throughout this guide, we have referred to the SA102 Employment Page and its box numbers. However, taxpayers within MTD for Income Tax submit their returns through software using HMRC's APIs and therefore may not see the information presented in exactly the same format.
HMRC has reassured us that MTD for Income Tax taxpayers will be asked to provide the same information in a similar format.
It is important to ensure that your software allows you to provide the required information. If you are unable to identify where to enter the additional information, you should contact your software provider for assistance.