Dividend service

IRIS gave us a month's free trial of this a couple of years ago.  It worked very well for dividends, but we considered the service rather expensive for the few cases where clients fail to produce dividend vouchers, so we did not take it up.  I do not recall trying to deal with any rights issues or splits.

You could try asking IRIS to give you a free trial for a couple of months - now that it is low season for tax returns, they might agree.

We have this and it is great for entering dividends into Iris Personal Tax providing you select the correct company and holding. This is easy enough for shares but harder for unit trusts.

Capital movements are easily dealt with as well by entering the event, this also covers consolidations.

One item it does not cater for is retentions of income in unit trust holdings, which was a real pain when there were part disposals and FIFO applied. Probably easier now that we are back to pools.

I have used this service for years (and am a fan of Iris) and it removes the need for clients to supply vouchers, though I do still ask for them as the dividends reported by Iris are not 100% correct.  (I suspect this is worse in April but improves after that as errors are reported, though since the source data is the London Stock Exchange I fail to see why this should ever be wrong.)  However if you have clients who are lax in presenting dividend vouchers it takes away the pain of establishing the dividend income.

I am on their starter pack scheme and the dividend info costs £149 a year which I think is good value.

You do have to track capital movements yourself which can be a pain.

Tim