Xero Tax (UK) | Partnership LLP Accounts and Tax - SA800 for multi member partnerships
Partnership LLP Accounts and Tax - SA800 for multi member partnerships. Including the ability to produce individual allocation report of profit/loss for both UK members and overseas members
Hi everyone, our product team are looking for partners to take part in a beta for partnership tax for ordinary partnerships. If you have any clients you think would be suitable, please fill out this expression of interest form and our team will be in touch. Thanks!
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Michelle Hayden-Garner commented
I don't understand why this is not a high priority and is not even in development yet? There is clearly a customer need and has been said already it's an obvious next step in enabling practices to be a fully efficient in using Xero as an end-to-end product. More assurance needs to be made as to whether this is even possible for 31st January or not and if not what the timescale is likely to be.
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Sunil Gupta commented
This back and forth has been happening for nearly a year, ever since I raised it. I think this should be top priority for Xero looking at the number of Partnerships in the UK.
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Wendy Hollick commented
I agree with the previous comments, we do need a timescale as it impacts on where we licence our software products.
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Julian Tomsett commented
Thank you for this update.
We do though really need to know if the ability to prepare SA800 forms will be in place by 31 January 2024, so that we can plan alternative software if required. -
Phillip Jenkins commented
Being a Xero only software practice, the need to file SA 800s is essential. It's a natural progression to preparing accounts for partnerships and seems a huge gap in Xero considering we have company accounts preparation and sole traders. When will we have partnerships?
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Steven Haugh commented
If we can't file SA800 partnership returns through Xero we will have to move our practice away from Xero
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Anthony Brice commented
This needs to happen otherwise it means subscibing to 2 different softwares.
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Wendy Hollick commented
We are having to continue subscribing to another software purely for filing partnership returns SA800, which is frustrating. Especially as the Partnership page can be included in the SA100. Doesn't make sense why this hasn't been followed through to completion.
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Louisa Houghton commented
We have a partnership and a trust so if we move fully to Xero for our SA filings we will still need to pay for other software to do these, if would be good if we could do all our filings through Xero as we ideally only want to use the one system.
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Katie Graham commented
I would like the ability to run business tax computations for partnerships. At the minute, Xero Tax only allows this for individuals.
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Carol Webb commented
Didn't Xero say they were aiming for an end to end product? Partnerships are really a big deal these days, more and more businesses are being set up this way so it is needed for end to end effectiveness. I am sure Matt is not the only one with most clients being partnerships.
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Sunil Gupta commented
Is Xero not missing out on revenue?
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Carol Webb commented
Does not make sense that we can do partnership pages to SA100 but not Partnership SA800 forms through Xero. Come on Xero help us out here.
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abbie bennett commented
I spoke with support and they said it’s not in the pipeline yet so might be waiting a while yet for this. I agree thought I have a few clients that are also partnerships and it’s not ideal to have an accounts production system that can’t produce all accounts. Hopefully see this early next year 🤞🏼.
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Matt Sharpe commented
I'm really interested in this as most of my clients are partnerships and would like the workflow option to do everything in Xero through to filing.