Date: 1st May 2016
For Xero customers, GST return filing will soon be much faster, simpler and more accurate with the introduction of direct online Inland Revenue tax filing.
Late last year Xero ran a GST pilot in which 1,400 businesses sent their GST returns from Xero direct to Inland Revenue. The pilot proved immensely successful and the participating businesses were enthusiastic with the new system.
Inland Revenue’s Deputy Commissioner Service Delivery Arlene White says 83% of those who have used the new service found it much easier than the old process. “We’ve had some very positive feedback from customers about the convenience, simplicity and accuracy of it,” she says.
Xero says that: “The new GST filing service gives business owners peace of mind. Xero not only calculates GST, it also looks for and automatically includes transactions that were missed off the previous GST return, giving businesses assurance that they capture everything. Business owners can have confidence that accurate data is successfully transferred directly to Inland Revenue with almost no human effort.
“The great news is that the original pilot was available for customers filing GST only – but when we roll it out to everyone, the service will also be available to those customers who file GST and provisional tax together.”
Filing tax through Xero offers many benefits your business including:
Filing tax through accounting software is an alternative channel to make it simpler and faster for your business. Filing GST through myIR is still available.
We will let you know when the new GST filing system is live. In the meantime, please contact us if you would like to know more.