NZ Tax - IR10 Form - Update Box 60 label to 'Total value of Investment Boost asset(s) being claimed' to match Inland Revenue guidelines
Currently the IR10, Box 60 says 'Investment Boost Claimed', but this is misleading as the amount that needs to be entered is the value of the assets which are having Investment Boost claimed.
The IRD's IR10 Guide calls Box 60 'Total value of Investment Boost asset(s) being claimed'.
Please change the name of Box 60 to match the IR10 guide. This will make it easier for users to enter the correct amount.
Hi team, we appreciate your feedback here and want to share that this update has now been released.
In IR10 Box 60 is now called “Total value of Investment Boost assets(s) being claimed", both within Xero Tax and on the file when printing.
Thanks again for sharing with us here.
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Nicola Pollard
commented
This seems very basic and should be easily achieved quickly.
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Geoff Balme
commented
Please fix immediately otherwise people will make mistakes like I have an change the number to the amount claimed, as your line says, rather than the cost of the assets.