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  1. Xero Tax (UK) - SOIRE for FRS102 s 1A accounts

    9 votes

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    2 comments  ·  For accountants & bookkeepers » Xero Tax  ·  Admin →
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    under review  ·  AdminKelly Munro (Community Manager, Xero) responded

    Thanks for your feedback and support in ideas, everyone.

    We've been exploring opportunities for expanding UK tax capabilities for our partners and are considering the ability to include a SOIRE for FRS102 1A accounts. We'll shift to Under review and share more when there's updates with you here. 🙂

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    David Mattingley commented  · 

    Having a SOIRE is vital for any small company paying out dividends, and should be a simple add for Xero to do.

    Dividends must be shown in full accounts by a small company. However, I SOIRE is removed when filing at Companies House, which means that the public do not get to see the profit or dividends.

    The alternative is to statement in changes in equity, but this seems overkill for most small companies and I'm not sure whether a SOCE can be removed from the accounts upon filing at Companies House.

    Please add SOIRE as a priority.

    David Mattingley supported this idea  · 

  2. Xero Tax (UK) | Prepare Accounts for Dissolved Company

    4 votes

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    1 comment  ·  For accountants & bookkeepers » Xero Tax  ·  Admin →
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    David Mattingley commented  · 

    + 1 to this.

    Companies House requires accounts in order to restore company. Xero requires the company to be on the register. Vicious circle. Companies House are not going to change their obligations!

    Totally makes sense for Xero to be able to finalise accounts in this situation.

    David Mattingley supported this idea  ·