For taxpayers required to submit a Self-Assessment tax return, new sections on the 2025/26 employment pages will require additional information for each directorship held during the tax year.
The information required includes:
- Whether the company was a close company.
- The company’s name and registration number.
- Dividends received from the close company during the year.
- The highest percentage shareholding held during the year.
A penalty of £60 may apply where the required information is not provided.
Given HMRC’s increasing focus on close company dividends, it is more important than ever to ensure that dividend procedures are properly documented, lawful and compliant.
If you have held a directorship during the year, please make sure you inform us. We can help you gather the necessary information, review dividend procedures and ensure your tax return is completed accurately.
Our Tax Checklist
To make the process as straightforward as possible, we encourage clients to complete our Tax Checklist and provide their information as early as they can. This helps us prepare your return efficiently, identify any missing information, and ensure you receive the best possible advice.