NZ tax- Student Loan overseas borrower repayments
Overseas Borrower Student Loan repayments have different payment dates (30 September and 31 March), there is currently no functionality within Xero Tax (NZ) to manage these payments. I understand it is not possible for the system to calculate the repayment amounts as these are determined based on the loan balance, but if there could be an override amount like for Provisional Tax that would be useful, instead of having to track these borrowers manually.
Claudia McFie
shared this idea
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Rebecca Laurence
commented
Even if we can just get the dates right, we can check if the payment amounts are correct as I always do anyway as it doesn't apear to work at all.
Just missed another letter being sent to the client due to the wrong provisional tax payment dates in our system. This should be an urgent fix Xero!
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Shelley Mitchell
commented
Fully support this suggestion. This creates issues with informing clients of their payments due as dates don't align.