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this is a very basic tool that Xero should supply free

does any one know of a system that doesn't require you go to an accountant????

We are a small business and do not need the services of a 3rd party. Having the ability to submit our own Tax would be hugely beneficial.

It would be brilliant if Xero could calculate monthly provision for corporation tax without using third party (who often charging very high fees) especially if our organisation already employs financial accountant who does it all manually at the moment

As a small Business we want to control our Accounts without the expense of using a 3rd Party

+1

Given the monthly cost, having the ability to see and review your corporation tax liability is simply an addition that should be made.

Other free services such as FreeAgent do this, and whilst perhaps not as user friendly, I see no reason why you would pay a subscription and not have this facility to at least display the liability when running such reports as profit & loss.

Xero are missing a trick here and damaging relationships and kudos.

This was definitely the turning point that lost a migration of a group company to Xero because the inability to do these returns. They went to the competition, although not as user friendly, they able to do their returns without the need of having to pay extra for a Partner to give them access. The Companies have qualified accountants that are able to do these returns. Why allow the VAT return to HMRC but no allow corporate returns? Big loss for Xero as competing software are right there ready to accept what Xero lacks.

I had not realised I would still have to pay an accountant to do year end statutory accounts and the corporation tax return, which makes this a very expensive product so unless Xero are going to change their stance in the very near future I too will be moving away from it.

+1 on Michael Hoy's comment. Yes, accountants need to have tools, but I don't need/want an accountant for this business I can do it all myself but I can't generate any of the documentation I need for year-end accounts filing, but I can for VAT. Seems rather arbitrary. Additionally, it feels like they are propping up an industry that the market doesn't want to use. But if Xero makes its money from accountants not SMEs directly it makes sense why this isn't enabled.

Satarted

I agree with everyone’s comments below. I understand that Xero would want to support its partners with an income stream, but for micro / small companies that can’t file using HMRC offering (eg investment companies) or startups with minimal income, it seems unfair to have to employ external bookkeepers or accountants who may even be less qualified than an in-house accountant. The liability for the return’s accuracy rests with the target anyway (who has to approve it) so it seems a potentially unnecessary step. By all means include a disclaimer in the software, but please let us be the judge of whether we know what we are doing!

I am a certified accountant working in industry who prepares their own accounts. I love Xero, but to have to use different software to prepare the accounts is not efficient.

Other software has the ability to file accounts and tax returns without using an accountant, why not Xero.

Very surprised that this cannot be added for qualified accountants who work in industry. This is a MUST have feature. Its clearly available to be used.
Competent Finance People should not have to pay for a Xero Partner to be able to use this feature

This is essential. I am a Chartered Accountant, I just happen to work in industry, but it means I am quite competent to handle tax affairs without needing to "reach out to a Xero Partner", to quote Xero's current unhelpful response. Most accountants work in industry of one sort or another, very few stay in practice.

We can already do it for VAT, why not annual accounts ? The liability is on us anyway.

Come on Xero, make this Xero Tax available to all Xero users...there is a huge demand. We want to submit our own tax. We'll pay for it, juts make it an option!

We have our own inhouse accountants for all of our small companies, we should be able to access this to produce our stat accounts instead of paying have SAPA and doing it that way.

for very small businesses just starting or restarting after the pandemy filing micro entity accounts this would be a great help

I love the xero Hubdoc , and friendly use. It seems very popular software in the market but It's a shame we can not submit the account and tax to HMRC and companies directly with the software. so we have to look for different software...