DWT associated with scrip dividends ??

Hello,

I hope somebody can help here. If you are receiving a scrip (shares only) dividend from an Irish registered company are you liable for DWT [Dividend Withholding tax] (or are "payment only" dividends liable) ??.

If liable for tax, then how is this calculated in the scrip case ??.

Thanks again

Let's say your dividend entitlement is €50 based on number of shares you have etc.

Let's also say the dividends are currently trading at €10

DWT of €10 will be paid out of €50 dividend and you will reveive 4 shares worth €40

Also when you get scrip dividends, the company show the figures that HS refers to i.e. they give you a 'tax voucher' showing the dividend and the related DWT.