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  1. VAT group feature - Option to prepare and finalise individual returns for non-MTD VAT organsiations

    53 votes

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    14 comments  ·  Reports & tax » Tax filing  ·  Admin →
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    Accepted  ·  AdminDavina Roper (Admin, Xero) responded

    Thanks so much for sharing this idea, and to everyone who’s added their support and feedback here.

    We’re moving this idea to Accepted as we can see the value in improving the experience for Group VAT workflows, particularly where customers are currently relying on manual import and export steps.

    While this isn’t something we have scheduled right now, it is something we expect to consider as part of future planning. This would require a significant amount of work to build well, which means we’re not able to share a timeframe or delivery details at this stage. We’ll keep this idea updated as things progress.

    Thanks again for helping us highlight the need here 🙂

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    Bill Hichens commented  · 

    Very useful and time saving.

    Bill Hichens supported this idea  · 

  2. Fixed Assets - Automatically update depreciation start date when changing year end dates

    18 votes

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    9 comments  ·  Reports & tax » Fixed Assets  ·  Admin →
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    In development  ·  AdminKelly Munro (Community Manager, Xero) responded

    Hi all, we wanted to round back here to share for those in the UK that we've now added the ability for you to create a short transition period (between 1 month and 12 months long) when changing the Financial Year End date.  

    To recap for anyone new coming across the idea - Aligning with the UK basis period reforms we've made a change to Financial settings so you can add start and end dates to different periods. This change impacts multiple areas of Xero.   

    • Fixed assets will draw on this information, to prevent any loss of historic information when your year end changes. Everything will automatically be calculated for you based on the period start and end dates you set in Financial Settings.  
    • The same applies in Reporting. All historic reports will be protected. And you’ll have accurate comparison periods even across varied financial years.  
    • In Xero Tax,…
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    Bill Hichens commented  · 

    Do we have a date for this update?

    Bill Hichens supported this idea  ·