Settings and activity
3 results found
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4 votes
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Janine Boyer
supported this idea
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49 votes
Hi everyone, thanks for your interest in this idea.
For now, I wanted to share that we're aware some users have the following process to record their transactions. The example uses a vehicle with a purchase price of £1500, and a sale price of £2000.
- Record the purchase of the vehicle on a purchase Bill for the full purchase price of £1500 with a tax rate of VAT Exempt. So the purchase is recorded in box 7 on the VAT return.
- Record the sale of the vehicle on an Invoice for the full £2000 - using the Tax Exclusive option, and then manually changing the VAT calculated to the required amount - £83.33 (i.e. 20% on the profit of £416.87 or 1/6 of £500) by clicking the small plus box above the Tax Rate.
This will mean that you only charge £83.33 VAT for the overall profit figure, and ensuring the correct amounts are reflected in boxes 1, 3, 5 and 6.
You could…
Janine Boyer
supported this idea
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84 votes
An error occurred while saving the comment Janine Boyer
commented
often we find new clients did not claim this allowance so it would be a great way to promote the wonders of Xero and add value to their business at the outset.
currently we have to do it using the very cumbersome HMRC PAYE Tools method - it takes ages!
So please add this feature to make our lives and our clients lives better.
Thanks
Janine Boyer
supported this idea
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Payroll UK - SSP Phased return to Work
Ability to enter SSP each day that hours are not worked under a "Phased Return To Work Order" signed off by a UK Doctor. Eg: Employees usual hours are 8 but they need to only work 5 of these under the Order.
Issue - Xero does not have this functionality - currently SSP can only be entered as full days, and consecutive days.
Please add this functionality.