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2 votesKeith Malone shared this idea ·
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4 votesKeith Malone supported this idea ·
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42 votes
Hi everyone, thanks for your interest and good to see how we can be expanding capabilities for our users across the world.
While we don't have plans of developing this in Xero, we have recently partnered with Parolla to offer a connected plug-in to your Xero organisation at no additional charge to users with an Ireland based org.
Connected to Xero, Parolla will generate VAT3 returns for direct upload to Revenue Online Services, as well as generating Single Euro Payments Area (SEPA) compliant payment files - Find out more hereAn error occurred while saving the comment Keith Malone commentedAdding my voice to this. Currently, the reporting for Irish VAT is not ideal and really needs to have the proper functionality added. Competitors such as Sage have had the ability to run RTD reports for years now.
Keith Malone supported this idea ·
Agreed.
In Ireland, we need to distinguish between several VAT categories, including standard rate, reduced rates, zero rate, exempt, and outside the scope of VAT. Each of these has different implications for VAT reporting.
The current options in Xero don't seem to fully cover these categories, especially for transactions that are outside the scope of VAT (like drawings).
Using "0% VAT" or "Tax Exempt" for these isn't quite right.
Please add an "Outside the scope of VAT" option.