Xero Tax - What if function
It would be very useful if Xero Tax have a What-If function to test different tax outcomes before finalising a return.
YiLing Chen
shared this idea
Hi YiLing thanks for sharing this idea. Currently Xero allows the ability to use draft returns and the "Estimate" tab for basic scenario testing. For complex scenarios, it is recommended to use ATO calculators and compare results manually. We will move this idea to Gaining support and monitor for more traction from users.
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Steven Brewer
commented
Currently, Xero’s report builder does not support conditional logic (e.g. IF, MIN, MAX), which limits the ability to automate common financial calculations such as corporation tax.
I propose adding support for conditional formulas within reports, enabling users to apply tiered logic based on values such as operating profit.
Use Case: Corporation Tax Automation (UK)
Users should be able to define logic such as:If operating profit is below £50,000 → apply 19%
If operating profit is between £50,000 and £250,000 → apply 19% on the first £50,000 and 26.5% on the remainder
If operating profit exceeds £250,000 → apply a flat rate of 25%This feature would significantly enhance the flexibility of Xero’s reporting engine and align it more closely with real-world accounting requirements, particularly for advisors and businesses needing dynamic calculations.