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Dividend data entry uses the old style dividend data entry. It does not use capital assets. We recommend entering a single total for all dividends rather than entering the details of each dividend received.
Enter the details of the share holding on the provider record:
UK Company name - click the magnifying glass to select from a list of the clients employments or, type the name of the company.
Description of shares/fund/holding - this is for information purposes and may be left blank.
Dates - the date acquired is for information purposes only, if the date disposed is entered this will prevent the record being brought forward to the following tax year.
Shares held - this is no longer used by IRIS.
For UK company distributions a further option for description of distribution is shown, this is for information purposes.
Enter the details of income received on the income records:
Dividend - select cash or stock by clicking on the relevant box.
Shares held - this is for information purposes, if completed data up to 4 decimal places can be input.
Amount of Dividend (net) - enter the net amount actually received.
Amount of tax credit - this is calculated automatically by IRIS, a manual entry can also be made, IRIS will display a warning message if this figure is not within 50P of its own calculations.
Date received - this is for information purposes only and may be left blank.
Units held - this is for information purposes only and may be left blank.
Amount of Dividend (net) - enter the net amount actually received.
Amount of tax credit - this is calculated automatically by IRIS, a manual entry can also be made, IRIS will display a warning message if this figure is not within 50P of its own calculations.
Date received - this is for information purposes only and may be left blank.
Qualifying distribution (Y/N ) - what is a qualifying or non qualifying distribution.
Holding - this is for information purposes only and may be left blank.
Amount (net) - enter the net amount actually received.
Amount of tax credit - this is calculated automatically by IRIS, a manual entry can also be made, IRIS will display a warning message if this figure is not within 50P of its own calculations.
However from 2010 onwards, where this is a non-qualifying distribution a manual entry can no longer be made. The Tax Return no longer asks for the tax credit in these situations, therefore HMRC will only apply a 10% tax credit.
Date received - this is for information purposes only and may be left blank.
