Treatment of uncashed dividend cheques by revenue.

[Donkey123]

Hi there,
Over the past few years I received dividend cheques with very small amounts ie €1.20 to I think the biggest was a whopping €4 euro on one particular. In total over about 8 year I'd say they amounted to no more than €20 in total. As they were so small and woukd cost more to cash or lodge be it in bank charges or time I used to just put them in a file. Also each one said there was withholding tax applied so I thought no more of it. What's best approach to sort this with revenue eventhough I physically never cashed /received the monies so I don't get a but'rning at the stake down the line. Could it be a large bill for unpaid / cumulative interest in the making. Thanks

 

[Protocol]

Whether you lodge/cash the cheques or not is not relevant.

When you say witholding tax do you mean DWT was applied?


I suggest simply declaring the 20 euro as dividend income in your next Form 12 income tax return.

 

[Persia]

Suggest you update the payment method to a direct payment your account and save on this unnecessary administrative burden, to yourself and the company in question

 

[ClubMan]

Almost certainly such a trivial amount is not going to cause you any problems with Revenue. If you want to regularise the situation then maybe do as @Protocol suggests above. If the dividend amounts are so small then perhaps the shareholding value is also small and you might be better off just selling the shares unless this investment is somehow a key part of your overall portfolio?