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  1. Business Activity Statement - Calculate Wine Equalisation Tax (WET) in AU

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    39 comments  ·  Reports & tax » Tax filing  ·  Admin →
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    Gaining Support  ·  AdminKelly Munro (Community Manager, Xero) responded

    Hi community, I know it's been some time since our last update here. Though we're continuing to follow and track the interest in automatic calculation of wine equalisation tax within Xero, for the time being this isn't something we've planned.

    As some may have received detail from our support team on there is a way we suggest you can record your WET liabilities and credits within Xero - See our post on this discussion for the detail. Alternatively, there are app partners you could explore on the Xero app store.

    If there are any changes around this we will be back to share with you all on this idea.

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    Paul Thackray commented  · 

    I have built a wine management stock and sales system which integrates to Xero very nicely but having to split the WET from GST for the BAS seems pretty archaic. The existing compound tax rate functionality means it is not difficult to make this change and allocate the GST to the correct section of the Activity Statement.