Tax: Ireland Tax - Irish Vat Return & RTD Details
Ability to produce accurate Vat reports suitable for the Irish Revenue Commissioners.
Purpose: Irish users can file their VAT easily using Xero.
Hi everyone, thanks for your interest and good to see how we can be expanding capabilities for our users across the world.
While we don't have plans of developing this in Xero, we have recently partnered with Parolla to offer a connected plug-in to your Xero organisation at no additional charge to users with an Ireland based org.
Connected to Xero, Parolla will generate VAT3 returns for direct upload to Revenue Online Services, as well as generating Single Euro Payments Area (SEPA) compliant payment files - Find out more here
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Ruta Rudaite commented
Thanks for improvement!
Still RDT Report badly needed...Thanks!
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Keith Malone commented
Adding my voice to this. Currently, the reporting for Irish VAT is not ideal and really needs to have the proper functionality added. Competitors such as Sage have had the ability to run RTD reports for years now.
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Karla Crowley commented
How long before Parolla will be able to generate RTD reports please?
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Oonagh McCabe commented
Basic and critical to any business!
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Tax Accountant commented
EU VAT reverse charge system could be just copied from the UK version. Just add option for Tax type (Sales, Purchases, ... Reverse Charges, Moss Sales etc.) in advance accounting, tax rates and edit tax rate or create new tax rate. We need proper VAT reports as well, which could easily handle reverse charge mechanism, zero VAT on invoices, but standard rate appear on VAT reports for self accounting of VAT to comply with VAT3 form filing.
It would be nice if you implement ROS (Revenue online system) communication (simmilar to HMRC filing in UK), so the VAT3 could be filed through Xero in the right boxes in VAT return. It shouldn't be big deal, there are only 8 boxes in Irish VAT return.
VIES return would be great help as well. VIES return periods differ from VAT return periods.
Thank you. -
Caitriona Lynch commented
The Irish setup is so similar to the UK right now that it is almost a copy and paste job. If they wait longer, the UK will start to deviate more so now is a good time for xero to make the break. They must realise that there is a wealth of Irish companies out there, who have international exposure, who would use it
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Veronica Mc Gee commented
Ireland Tax - Users in Ireland are using Xero Global which does not have the VAT module. Our tax operates similar to the UK model. Ability to close off transactions on a VAT return for the Xero Global users.
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Padraig Rocks commented
Hard to advise clients to use Xero without the ability to prepare Irish VAT3 and RTD reports without workarounds.
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Damien Welsh commented
I work with many clients like most on here I am sure. They are UK based save for 1 in Irlenad using Surf which is terrible. We want to move to Xero but if compliance is an issue this is going to be difficult. All the functionality in the world can not pull you across the deep red line of Compliance!!
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Liam Feeney commented
I write software....features are based on priority...Irish Vat isnt a priority for Xero....just look at the bank feeds...the knew what was coming down the line and draged their heels....
I can tell you that the Irish VAT calculation is very simple provided your vat rates are set-up correctly. the software can run a custom report and push out the numbers for an Irish VAT bi-monthly and an RTD.....
Xero it seems isnt interested according to my accountant who Reps for Xero and set-up Xero for me initially. Now after he had advised me to go to Xero, he is advising a better platform.....due to a backlash from his clients due to the bank feeds issue....
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Paul Daly commented
Even as a Xero Partner the lack of an Irish VAT report always is an issue when try to advise other clients to use Xero.
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Gavin Donohue commented
I didn't realise this wasn't a thing with Xero. Only started using it but if there's competitors that have this already I'm interested. I think I could still jump ship.
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Paul Sweeney commented
Not good enough
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Caroline Griffin commented
Absolutely need a VAT generation
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Katherine Sullivan commented
Other software providers like quick books online have it in place. I think it should be a priority of xero to focus on irish market, its the same tax and accounting as the uk, it would be an easy market to adapt to