VAT - Ability to produce a 126 Schedule
VAT 126 - small local authorities can reclaim all VAT. To do so they need to submit a 126 schedule, which is not currently available within Xero. The problem is that the supplier's VAT number cannot be included in transaction reports.
The ability to produce the VAT 126 schedule would make Xero a very good option for the many parish and small town councils.
John Harvey
shared this idea
🌟 Thanks for sharing this idea, and for explaining the need for a VAT 126 schedule for local authorities and similar organisations.
We’re moving this idea to Gaining Support so we can better gauge interest from the wider community and understand how many customers this would help. If this is something others need as well, we’d encourage them to add their vote and share more detail about how they’d use it.
Your feedback helps our product teams understand where there are gaps and what changes could have the biggest impact, so we really appreciate you taking the time to raise this.
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Sophia Hartley
commented
VAT 126 - would be really useful as a single academy trust school. John Harvey I'm wondering how you successfully managed to complete the VAT 126 in your role? Thanks,
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Germaine Newnham
commented
As a clerk fo ra small parish council who uses VAT 126 i wish Xero would create this and a AGAR report! am looking to move to Scribe or Rialtas as need a smoother accts package holding out hope that Xero realise a huge gap in their current offerings
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Lizzie Burrows
commented
Ideal for our clients.
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David Bruce
commented
This would be very helpful and hopefully an easy change to make
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Aneliya Angelova
commented
It will be very useful for our clients.
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Chloe Hacker
commented
.