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NZ Tax - Ability to calculate income tax for part year returns

Hi team

We need Xero to be able to calculate tax correctly on part year returns for clients in Xero tax. Even though the date fields are available in your returns to show a part year, the tax is still calculated for a full year so the assessment from IRD differs from the return prepared in XPM.

Currently the only option is to file via myIR which is really not good enough.

13 votes

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Kerrin Paget shared this idea  ·   ·  Report…  ·  Admin →
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  • Kathryn deBruin commented  ·   ·  Report

    Agree with Brooke's comments. We need to manually adjust return when sending out to client and it starts to get confusing and easy to make mistakes

  • Brooke Peterson commented  ·   ·  Report

    If the part year return has be ticked, a box should be added in the tax calculation for us to include the part year adjustment as xero does not calculate this