Unless the trustees set aside the dividends they receive for reinvestment in further shares (see below) they are required to pass on the dividends to the employees. The employees are charged to tax in respect of such dividends under ITTOIA 2005, s 382 (see E1.412) or (if paid by a non-UK resident company) under ITTOIA 2005, s 402 (see E1.416).
In some SIPs, the trustees must reinvest the dividend in
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