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  1. Xero Tax (UK) | CiC

    25 votes

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    14 comments  ·  Practice tools  ·  Admin →
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    Gaining Support  ·  AdminDavina Roper (Admin, Xero) responded

    Hi everyone, thanks for sharing this idea about supporting the submission of micro-entity accounts for Community Interest Companies. We understand how useful it would be for CICs to prepare their micro-entity accounts and required CIC34 report in Xero, with a supported submission route to Companies House. We’ll start to get a gauge of the support for this from your idea, here. Feel free to share your idea with colleagues that’d also like to see this so they can add their support too, and share how this would help with your filing workflows. ✨

    Michelle Brooks supported this idea  · 
    Michelle Brooks shared this idea  · 

  2. VAT - Automatically calculate VAT using the Marginal Scheme

    81 votes

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    26 comments  ·  Reports & tax » Tax filing  ·  Admin →
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    Not in pipeline  ·  AdminKelly Munro (Community Manager, Xero) responded

    Hi team, thanks for the support and interest this idea has gained. Though we appreciate the value auto calculating VAT using the marginal scheme would be for those that need it, we want to be transparent here that this isn't in our roadmap.

    Currently, it's possible to adjust VAT on invoices and credit notes - If you set the transaction to Amounts are 'Tax exclusive' and make sure the Tax Amount column is shown you'll be able to click into this field and edit the amount as needed for each line of your invoice - we have more detail on this in Xero Central.

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    Michelle Brooks commented  · 

    This will mean the difference between my clients who specialise in second hand markets using Xero (or not!)

    Michelle Brooks supported this idea  ·