Dividend, which year tax paid?

RogerPensionGuy

I tried searching, but unable to find. 

I have some Vanguard LS100 income units in a GIA and it just paid out the divvy income 02JUN. 

The data I read says. 

31MAR25 is record date. 

01APR25 is EX-divvy date. 

31MAY25 is payment date. 

***

Is the above divvy income to be reported in year 2024/25 or 2025/26 to the HMRC?

Tks in advance, Roger. 

Hattie627

The payment date is what matters for tax purposes, not record date or ex-dividend date. So the dividend will be reportable for tax year 25/26

UncleK

The payment date for the April tranche of dividends of my Vanguard FTSE Europe fund was 7th April 2025. But Vanguard included that in the Consolidated tax certificate for the tax year 2024-25. So how does that work?

ColdIron

Could you be confusing the Payment/Payable date with the date you received them?

Vanguard, and all other sources I have checked, say it was 02 April 2025

https://www.vanguardinvestor.co.uk/investments/vanguard-ftse-developed-europe-ucits-etf-eur-distributing/distributions

UncleK

Fair enough - I was quoting the date I received them - but I wouldn't have thought of tracking down the difference between that and the payment/payable date - which I now realise I should have done when it's so close to 5th April! Thank you.

Swipe

Always go with what is on your tax consolidation certificate.

RogerPensionGuy

All very helpful replies, tks. 

Record date. 
EX Divvy date. 
Payment date. 

I actually got divvy payments a few days after payment date, holding platforms said it could take up to 10 working days, but probably less as was the case. 

As last post says, go by the tax consolidation cert appears the way to go. 

On a slightly different view, I can see a little advantage of getting divvy payments just after the 6th of April each year and that allows a person to use all the  divvy cash for 15 months I guess eeking out a bit more interest maybe rather than getting divvy in March. 

At least a bit wiser now about income units and divvy payments, tks all. 

Hoenir

RogerPensionGuy said:

I actually got divvy payments a few days after payment date, 

Platform will receive one credit for dividends that relate to all stockholders. This will need to be allocated across all the relevant accounts. Some days there can be a considerable number of companies paying. With sizable numbers of shareholders. Hence the slight delay. Funds however are always dated as the date of receipt not when processed. 

RogerPensionGuy

Hoenir said:

RogerPensionGuy said:

I actually got divvy payments a few days after payment date, 

Platform will receive one credit for dividends that relate to all stockholders. This will need to be allocated across all the relevant accounts. Some days there can be a considerable number of companies paying. With sizable numbers of shareholders. Hence the slight delay. Funds however are always dated as the date of receipt not when processed. 

Tks for information all. 

So my understanding is if a payment date is say the 5th of April 2025 and the payment is received say the 10th  of April 2025 due processing, for tax purposes the 5th denotes it was indeed in that tax year 2024/25.

Obviously the tax consolidation certificate would confirm this above. 

I can easily see how a person could inform HMRC the wrong year by mistake and any hassle that brings along. 

Cheers Roger.