Settings and activity
3 results found
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9 votes
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Becky Waterfield
supported this idea
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43 votes
Hi everyone, thanks for raising and supporting this idea of having more visibility or an alert when turnover is reaching the VAT threshold. This is something our team have picked up and taking a deeper dive into. No promises at this point but we'll keep you updated of any news here.
Becky Waterfield
supported this idea
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68 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.
Becky Waterfield
supported this idea
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Some better intelligent regarding a switch over from Accrual to cash so Xero can identify when invoices are raised- whether post of pre switch over. This would prevent the duplication of VAT on returns.