Personal Tax (UK) - Trust income (SA107)
I have just discovered Xero Tax can't do Trust Income pages. We need the full suite for Self Assessment.
Damion Viney
shared this idea
Hey everyone, just popping in to shift this idea to delivered! We are pleased to confirm this has now been released in UK personal tax.
Please select 'New schedule' and then 'Trust and estates' in order to add this income.
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Matthew Taylor
commented
Can we have the SA107 (Trust Income) added to Xero Personal Tax
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Luke Rawsthorn
commented
Fully agree - Absolutely required and only the cheapest software solutions do not have this functionality. I had raised another thread for this:
https://productideas.xero.com/forums/940636-for-accountants-bookkeepers/suggestions/46243252-personal-tax-allowing-submission-of-trusts-box-6All this talk about an amazing self assessment tool when you cannot even complete the basics! Very naieve.
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Victoria King
commented
Reporting foreign income from a Trust in Xero Tax, currently have to file return outside of Xero as this is not supported.
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Luke Rawsthorn
commented
As a self assessment tool, it would be expected that trusts would be included as part of the tax computation and submission, especially as it is applied to box 6 on the SA100 self assessment submission form and on the front page. This is not something new and has been extremely popular for many years. If we are to use Xero for MTD for ITSA, we need the ability to file correct self assessment submissions for our clients.