VAT - Ability to track late claims for Non-MTD filing orgs
Track late claims on VAT returns submitted in Xero but not filed direct to HMRC through MTD.
This is needed in order for VAT groups to be able to prepare returns in non-submitting companies which can then be consolidated.
The only alternative if the VAT group stays on Xero is to run journal reports and manually find late claims, in all non-submitting entities in a VAT group, which is a very manual process.
Jenny Crockford
shared this idea
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Tammy Fleming
commented
We run two different VAT registrations for one company (UK and IE) so we have both UK and Irish tax types, we run our VAT returns for different periods for the two country's (UK is quarterly and Ireland is bi-monthly).
We need the option for backdated / adjusted items after the return (as we cannot link directly to HMRC having both country's VAT running we don't get the same functionality as a UK company would), we need to be able to post the return to the ledger and mark items as included so that entry's after the filing date are flagged in the next return (the way that you can do in the Sage accounting products)