Here's how dividends declared by a company whose books are kept on FreeAgent appear on the Self Assessment screen for the users.
Choose Self Assessment from the Taxes menu.
Then choose the user you want to see from the drop-down menu. Any shareholders who are receiving dividends need to be set up as shareholders, or employees, or directors in the Users area. For more information please see this article on how to set up a new user.
This brings up another screen from which you can choose which tax year you want to look at for this user. Click on the tax year in question.
Dividend income from the company appears here. You can see that FreeAgent has put in the dividend including the notional 10% tax credit, then taken off that tax credit here to reflect the fact that you only received the net amount. For example, if you received a dividend of £1,000, this would show on the dividend voucher and the self assessment screen as a gross dividend of £1,111.11, less a tax credit of £111.11.
What about dividends I've received from other companies?
You can also enter dividends from other sources to help FreeAgent work out your Self Assessment income tax, such as dividends from shares you hold in public limited companies.
To do this, click one of the Edit buttons.
Simply put the dividends in here. Remember to enter them exclusive of tax credit. You'll see the amounts of the net dividend and tax credit on the dividend voucher that the company sends you, so just put the net amount in and ignore the tax credit.
That's the end of this article. You've seen what happens on the individual user's Self Assessment screen when you enter a dividend declared by the company into FreeAgent.