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Business Activity Statement - Calculate Wine Equalisation Tax (WET) in AU

Ability to calculate Wine Equalisation Tax in Australia.

Purpose: To easily comply with transactiona tax requirements in Australia

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AdminXero Team (Admin, Xero) shared this idea  ·   ·  Report…  ·  Admin →
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Gaining Support  ·  AdminKelly Munro (Community Manager, Xero) responded  · 

Hi community, I know it's been some time since our last update here. Though we're continuing to follow and track the interest in automatic calculation of wine equalisation tax within Xero, for the time being this isn't something we've planned.

As some may have received detail from our support team on there is a way we suggest you can record your WET liabilities and credits within Xero - See our post on this discussion for the detail. Alternatively, there are app partners you could explore on the Xero app store.

If there are any changes around this we will be back to share with you all on this idea.

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  • Rachael Sutcliffe commented  ·   ·  Report

    Looks like the kickbacks from the 'add-ons' are too lucrative for Xero to pass up.
    People have been asking for WET in Xero for years. Unbelievable it's still not being considered.

  • Natasha Webster commented  ·   ·  Report

    Unbelievable that it is not included when comparable products like MYOB do calculate WET. I came to Xero because I was told how user friendly it was for non-accounting folk but having to calculate WET externally is useless.
    New financial year…I’m going elsewhere.

  • James Manners commented  ·   ·  Report

    I note that you are putting your prices up again so that you can "continue to respond quickly with the tools and services businesses need to operate efficiently in changing environments, and improve Xero for our customers now and in the future".
    If this is the case add WET!

  • Donna Crome commented  ·   ·  Report

    WET is always a external calculation to have an internal one would make it so much easier to explain to clients & staff alike

  • Warwick Billings commented  ·   ·  Report

    I remain baffled that it isn't an included feature.
    I'm also puzzled that a lucid workaround has never been published, acknowledging the users who struggle on despite - anecdotally there seem to be quite a few bookkeepers running Excel spreadsheets to keep track of the WET and then putting it through Xero the hard way.

  • Mark McNamara commented  ·   ·  Report

    If another accounting package adds WET calcs to it's package, it will likely be that I move across

  • Melinda Koth commented  ·   ·  Report

    Can we please have WET tax added to Xero please. Its not that hard to do

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