VAT group feature - Option to prepare and finalise individual returns for non-MTD VAT organsiations
It would be great to see a feature that was specific to VAT groups so it's an easy experience (rather than importing and exporting figures)
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Joanne Smith commented
Would certainly help my Company
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Collette Brown commented
It would be a great benefit!
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Hristina Tsvetankova commented
It would be a great benefit!
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Joanne Turner commented
Would greatly benefit our clients
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Joanne Smith commented
Would make a group VAT submission a lot easier to upload to HMRC
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Karen Smart commented
It would be great to have a group VAT feature on Xero, that pulls the information through from the other entity.
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Andy Aplin commented
I agree. The current Xero solution is cumbersome and open to problems with maintaining the digital integrity of the data in accordance with HMRC requirements.
A better solution would be for there to be an option in the non-MTD VAT organisations to prepare the individual VAT returns, and then have a button to finalise for consolidation (or similar) which creates files with the required info for HMRC. Then, in the MTD registered organisation, have a menu item that pulls together the VAT data prepared above from the individual companies, and submits it to HMRC.