Settings and activity
3 results found
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3 votes
Thanks for sharing your idea of importing rental income into the personal tax return.
We've reviewed your idea and now it's up to the community to get behind and support it.
It is worth noting that our MTD for IT functionality will include the option to include rental income/expenses and will utilise tracking categories to do this.
Along with votes, other members can now comment to share additional detail about how your idea could improve their experience with Xero.
Diana Stalior
supported this idea
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81 votes
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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Diana Stalior
supported this idea
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89 votes
Hi everyone, our product team are looking for partners to take part in a beta for partnership tax for ordinary partnerships. If you have any clients you think would be suitable, please fill out this expression of interest form and our team will be in touch. Thanks!
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Diana Stalior
commented
it is really annoying that Xero does not mind to take customer on, even though they are partnerships. New LLP approached me with Xero subscription already. I understand money and all, especially when organisation becomes so huge like Xero, they do not care as long as they have money floating in. I do not want to disappoint my new clients, will work something out of course, but it is not fair.
Diana Stalior
supported this idea
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TOMS- tour operators marginal scheme
it would be great that Xero support this VAT scheme.