NZ XPM - GST returns to show bank account and have option to update from IR
IR have recently posted an advisory regarding instances of scammers gaining access to customer’s IR accounts and re-directing refunds to their own bank accounts.
There are a few improvements that Xero could make to improve protection for clients:
- add a bank account field to XPM GST returns. The bank account number does not appear on XPM GST returns so there is no check for clients when signing a GST return. A refund GST return filed directly through IR includes a screen to check the refund bank account.
- add a button in XPM GST returns and income tax returns to refresh the bank account from IR records like there is in MYOB
As is currently the case, the bank account number in the returns should remain as being for information purposes only and not flow through to IR.
Jean Sutherland
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