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Stock Dividends first appeared in 1993. It is important to recognise them.

»Ê¹ÚÌåÓýappy are dividends taken in the form of shares instead of cash. »Ê¹ÚÌåÓýapp vouchers issued are similar to normal dividend vouchers but do not show a tax credit. »Ê¹ÚÌåÓýappy refer to shares issued' and notional taxâ€�.

Although they are treated as income to which a normal company dividend tax credit attaches, that credit is income tax treated as paid. It is not repayable and cannot be used to cover charges (RE124).

Note that from April 2016 the Personal Savings Allowance and Dividend Tax Allowance apply and repayments are not usually appropriate.