Add VAT to Stripe fees that automatically feed into Xero
When the Strip transaction fees come across for UK customers, the VAT box states 'NO VAT'. All Stripe fees are VATable so the VAT box should be '20% VAT'
Currently have to go into each transaction to change this manually.
2
votes
Emily Jarman
shared this idea
Hi Emily, you can already do this in Xero. When you set up Stripe as a payment service, you can choose an account for your fees to be coded to, and you can also select a default tax rate to be applied automatically. It sounds like a tax rate may not have been selected during your initial setup.
We have a bit of help around this in our Xero Central article on Stripe, but if you need an extra hand you can raise a case with our Xero Support specialists. 😊