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The IRIS Dividends Service provides a database of dividends to IRIS Personal and Trust Tax.
Dividends from UK companies and unit trusts are available from 2003 onwards. The database also includes all limited companies entered in IRIS. It is possible to pick a company and look up the dividend, enter new dividends and to make global updates for the tax return.
All dividends entered via the Share Register for companies listed in IRISPTP can also be imported directly into IRIS Personal and Trust Tax.
Select Edit | Dividends | Dividend Database from within the Capital Assets module.
Choose either Listed Companies or IRIS Companies
Select the company from the list that you wish to add/edit a dividend for.
Select the relevant tax year.
To add a new dividend to this company type the details into the screen and click Add.
To edit an existing dividend select it, make the changes at the bottom of the screen and click Update.
Dividends in this screen will effect all clients who have shares in the company where it was setup using the master group list.
Dividend data supplied as part of the dividend service or entered via the Share Register cannot be edited or deleted. Dividends can be entered without using the Dividend Service import function. New dividend data will be supplied in regular updates available to download from the IRIS website.
Use the Update CA button to insert the dividends from the dividends database to the client's tax return. There are 3 options provided:
Current client only - updates ALL the current client's shareholdings for the selected tax year.
Current company only - updates ALL client's with the selected share holding for the selected tax year.
All clients and all companies - updates all shareholdings for the selected tax year.
This last option may take a long time to run.
The Dividend data entry screens and Dividend Import Service are not applicable to Limited Companies in Business Tax Capital Assets and therefore are disabled.