Settings and activity
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37 votes
Hey everyone, appreciate that this idea's intent is to help save user's time in calculating the VAT, but I wanted to share that it is possible to record partial VAT exemptions, for those who aren't aware. We will continue to to track interest in this idea but in the meantime you can:
- Calculate your own your partial exemption adjustment amounts
- Enter them as VAT box adjustments on your non-MTD or MTD VAT return
Alternatively, if you use a set percentage adjustment you could do one of the following:
- Add a custom Tax Rate for your % rate.
- Adjust the VAT on each bill to the amount you can claim. Click the + next to the tax rate to do this. (You'll need to use the 'Amounts are' Tax Exclusive option to see it.)
We recommend you talk to your accounting advisor or HMRC if you need more help with this.
There's…
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Tatjana Satenevskaya
supported this idea
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133 votes
An error occurred while saving the comment Tatjana Satenevskaya
commented
LAYOUT!
An error occurred while saving the comment Tatjana Satenevskaya
commented
LAYOUT - can you please add an option that would allow to choose a layout - horizontal or vertical and this would automatically allow for the full text to be captured rather than cutting it to nearest row margin.
Some reports i.e. contact activity reports/statements don't even allow basic customisation and do not generate sufficient details in them!
ThanksTatjana Satenevskaya
supported this idea
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6 votes
An error occurred while saving the comment Tatjana Satenevskaya
commented
Currently when creating a custom report ie Quarterly Management reports, there is no option to include VAT report for the quarter end! Can you please fix this as we have to do this manually and merge, seems small and silly, not sure why Xero won't allow this is the first place as majority of the reports are vaguaelu customisable, but o VAT option?!
Tatjana Satenevskaya
supported this idea
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14 votes
An error occurred while saving the comment Tatjana Satenevskaya
commented
+1 here, to be able to add tracking to approval via Xero would be great!
Tatjana Satenevskaya
supported this idea
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7 votes
An error occurred while saving the comment Tatjana Satenevskaya
commented
What kind of comment is this received from Xero Admin>? Thant doesn't resolve the issue re switching bank's view to cash!
Tatjana Satenevskaya
supported this idea
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I am afraid a solution offered by Hannah does not resolve PE calculations as these are just individual %ages adjustments. For industries, where there need to be a working produced to block relevant VAT claims i.e. residual
VAT based on de-minimis rate and custom proportions are always manual, therefore, this idea is critically important to ensure the VAT compliance with HMRC.