Business Activity Statement - Calculate Wine Equalisation Tax (WET) in AU
Ability to calculate Wine Equalisation Tax in Australia.
Purpose: To easily comply with transactiona tax requirements in Australia
Thanks for your interest, everyone - we’ll keep monitoring this here.
While we appreciate the appetite, we want to be open that developing automatic calculation of wine equalisation tax within Xero is not in the teams roadmap at this time.
For those in need right now, we’d recommend looking into our app partner integrators that can fulfill these needs. Alternatively, you can view and join discussion on how others are doing this with invoices in Xero.
Natasha Webster commented
Unbelievable that it is not included when comparable products like MYOB do calculate WET. I came to Xero because I was told how user friendly it was for non-accounting folk but having to calculate WET externally is useless.
New financial year…I’m going elsewhere.
James Manners commented
I note that you are putting your prices up again so that you can "continue to respond quickly with the tools and services businesses need to operate efficiently in changing environments, and improve Xero for our customers now and in the future".
If this is the case add WET!
Donna Crome commented
WET is always a external calculation to have an internal one would make it so much easier to explain to clients & staff alike
Warwick Billings commented
I remain baffled that it isn't an included feature.
I'm also puzzled that a lucid workaround has never been published, acknowledging the users who struggle on despite - anecdotally there seem to be quite a few bookkeepers running Excel spreadsheets to keep track of the WET and then putting it through Xero the hard way.
Mark McNamara commented
If another accounting package adds WET calcs to it's package, it will likely be that I move across
Melinda Koth commented
Can we please have WET tax added to Xero please. Its not that hard to do