5 results found
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MTD for IT - Clients to be able to add multiple tax payers in Xero themselves
It's great that, as a Xero Partner, we can add multiple taxpayers to the same Xero licence for Making Tax Digital for Income Tax. This is particularly beneficial for situations such as husband and wife property owners who each hold a 50% share of a property.
However, not all clients choose to have their accountant manage their MTD submissions. For those who prefer to handle their own compliance, it can be frustrating that a second taxpayer cannot currently be added directly by the client within Xero.
Allowing clients to add and manage additional taxpayers themselves would be a valuable enhancement.…
4 votesThanks for sharing your idea! Multiple taxpayers can already use MTD for Income Tax in the same Xero organisation.
To add another taxpayer:
- Invite them into the Xero organisation so they can access it using their own Xero login.
- Once they’ve accepted the invitation, they need to sign up for MTD for Income Tax and complete their own onboarding in Xero, connecting their own HMRC account.
Our Add multiple taxpayers for MTD for Income Tax article explains this under Small business users. 😊
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MTD for IT - Tax report available for client as well as Accountant
The new Xero MTD area only shows the Tax report if you are a main agent.
As a supporting agent we are the person responsible for quarterly bookkeeping and MTD returns but can't share that really useful data with the client.
1 voteThanks for sharing this idea. I am happy to say this is already supported for MTD for Income Tax.
When an accountant or bookkeeper connects Xero to HMRC on behalf of a client using their Agent Services Account (ASA), the client can then access their own MTD for Income Tax information in the Xero organisation by completing their own MTD for Income Tax registration using their Government Gateway details and having the required user permissions. For setup guidance, see Set up MTD for Income Tax in Xero. but if you need an extra hand you can raise a case with our Xero Support specialists. 😊
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interest on MTD
The Mapping on the MTD report currently maps Bank Interest to other property income. This is incorrect as this is not property income at all. This should eb re-mapped so it either does not feature on the MTD filing or appears for review on the Interest tab
1 voteThanks for raising this idea with us Mike, Im happy to say that you can already do this in Xero! You can remap account codes in MTD for IT by going to Tax → MTD for Income Tax → Income and expenses, selecting the relevant tax category, and choosing Manage report codes. Select the accounts you want to update, choose the appropriate report code, and click Map. For more information, see Set up MTD for Income Tax in Xero. But if you need an extra hand you can raise a case with our Xero Support specialists. 😊
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VAT - Ability to track late claims for Non-MTD filing orgs
Track late claims on VAT returns submitted in Xero but not filed direct to HMRC through MTD.
This is needed in order for VAT groups to be able to prepare returns in non-submitting companies which can then be consolidated.
The only alternative if the VAT group stays on Xero is to run journal reports and manually find late claims, in all non-submitting entities in a VAT group, which is a very manual process.
7 votesThanks for sharing this idea ⭐
Xero already supports late claims in Non-MTD VAT returns. Once a previous return has been finalised, transactions entered later that relate to that earlier period are automatically included in the next VAT return.
To access this:
- Open the Non MTD VAT return and review the Transactions by VAT box or Transactions by tax rate tab to check the late claims included.
- For more information, see Prepare a non-MTD VAT return.
If we’ve misunderstood the request and you’re looking for additional functionality, such as identifying or reporting late claims across multiple non-submitting companies in a VAT group, please reply with more information and an example of the workflow you need.
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UK VAT Return - Separate columns for Invoice number and reference
Could the VAT transactions report in the VAT return include the invoice number as well as or instead of the reference?
This would make the review to see if there are any missing invoice numbers much simpler. Our invoices are created in another software package by a number of people who sometimes include text as well as the invoice number and it makes sorting by numerical order time consuming. Having the invoice number as a field would make it very easy to sort in numerical order and identify missing numbers.
10 votesThis is already possible within Xero. When a Sales Invoice is included in the VAT return, under the Transactions by VAT box the Invoice number will appear under the Reference column. If the transaction is a Receive Money transaction there is no entry under the Reference column. If you need an extra hand you can raise a case with our Xero Support specialists. 😊
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