At which date would a shareholder have to consider a dividend as received for tax purposes? Is it the date the dividend is received in their bank or the date on which it is awarded?
If it is the awarding date then is there any reasonable/sensible limit between award and cash transfer? I'm looking at a situation where 10 months has passed as the transfer was forgotten and now the company wishes to make good but the shareholder is concerned about the effects. The amount should have been received in the previous personal tax year (March 2015) and the individual has not yet submitted their SA for this period.
Thanks in advance for any comments.