Tax - Multi-VAT tracking for EU companies
Ability to have multi-VAT tracking for EU companies.
Purpose: Because lots of companies in the UK are also registered VAT in other EU countries. So having this feature will make users easily calculate their tax.
Julie Clift-Thompson commented
Yes, yes, yes! We're considering moving away from Xero just because of the absence of multi region vat return submission!
Please add this !
Nick Navarra commented
Hi Xero. It is insane that all tax codes get linked to the one GST account. Many companies these days operate in multiple jurisdictions or have GST/VAT reporting obligations in multiple countries. We are not talking about branch operations here so please don't suggest having a separate Xero file. What you need to do is allow each tax code to be linked to a specific account code (e.g Australian GST linked to account X, French VAT linked to account Y, etc). Having all these different VAT/GST amounts go to the one account is insane. Please fix - this cant be that hard (cringe, but MYOB have allowed this fore ever!).
Seth Johnson commented
Did this ever happen?