There are 2 ways to accommodate a dividend waiver in Inform Direct.
See What Does the Dividend Waiver created by Inform Direct Look like?
Option 1
You can either edit the individual shareholder details and set the waiver to yes and save the changes. Nothing will then happen until you come to pay a dividend when the waiver will be remembered. See the note to Step 4 below for more details of how this works.
How Do I Edit a Shareholders Details?
You will be prompted to create a dividend waiver document when you submit the change from no to yes. You will need to ensure you select the tick box to create this.
Note: When you next declare a dividend, you will have the opportunity to select whether the individual has waived their rights to all dividends, or for just some of their shares.
Option 2
If you have been using the Inform Direct wizard to create dividend vouchers - see How do I create a dividend voucher? - you will have come to the question asking whether any of the shareholders have elected to waive their dividends.
1) If you answer this question 'yes' and click the green 'next' button you will be taken to the below screen:
Note: The election to waive must have been made before the dividend was declared.
2) Record which shareholders have elected to waive their dividend and whether it was over all or part of their holding.
Note: If any shareholder had already elected to waiver their dividends using the process detailed in option 1 above then Inform Direct will automatically take a user to the screen shown above and step 2 will be missed out. You can make further changes to this screen if required or simply press 'next' to continue.
3) Pressing 'next' will take you back to the Inform Direct wizard to create dividend vouchers - see How do I create dividend vouchers? from step 8 onwards. The summary page will include details of any shareholders who have waived all or part of the rights. Below is an example.
Note: Dividend Waiver's can be quite a complex area. Please see our blog here for more information. We would always recommend seeking legal advice from somebody experienced in such matters if you are uncertain regarding any consequences (i.e. tax) of a waiver in your circumstances.