Xero Tax (UK) - SOIRE for FRS102 s 1A accounts
Love Xero Tax for FRS105 but don't use it for FRS102 s1A accounts. Are there any plans to be able to select to include a SOIRE (not just a SOCE)? This is critical for a potential switchover to Xero Tax for these accounts for me.
Mondane Carden
shared this idea
Thanks for your feedback and support in ideas, everyone.
We've been exploring opportunities for expanding UK tax capabilities for our partners and are considering the ability to include a SOIRE for FRS102 1A accounts. We'll shift to Under review and share more when there's updates with you here. 🙂
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David Mattingley
commented
Having a SOIRE is vital for any small company paying out dividends, and should be a simple add for Xero to do.
Dividends must be shown in full accounts by a small company. However, I SOIRE is removed when filing at Companies House, which means that the public do not get to see the profit or dividends.
The alternative is to statement in changes in equity, but this seems overkill for most small companies and I'm not sure whether a SOCE can be removed from the accounts upon filing at Companies House.
Please add SOIRE as a priority.
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Wendy Hollick
commented
When formatting the accounts for Tax filing, it would be good to have the option of showing Dividends awarded in the year, on the P&L after net profits, as an alternative to declaring them on the Notes to the Accounts.