Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking and Finance Review - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Top Stories > IRIS AND XERO JOIN FORCES TO STREAMLINE TAX PROCESSES
    Top Stories

    IRIS AND XERO JOIN FORCES TO STREAMLINE TAX PROCESSES

    Published by Gbaf News

    Posted on May 11, 2017

    4 min read

    Last updated: January 21, 2026

    Image depicts the Sterling currency symbol alongside financial graphs illustrating its stability against the dollar. This relates to the article discussing the pound's performance amidst recession fears in Britain.
    Sterling currency symbol with background of fluctuating financial graphs - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Two of the UK’s leading accountancy sector software providers have joined forces in anticipation of the digital tax changes sweeping the nation.

    IRIS Software is today announcing a partnership with Xero to streamline the bookkeeping process for UK accountants in preparation for HMRC’s ‘Making Tax Digital’ (MTD) initiative.

    As the software used by an accountant’s client base will vary from business to business, firms have previously struggled to take data from one system into another. However, this issue may soon be a thing of the past.

    The collaboration, which enables accountants to pull client information directly from Xero’s bookkeeping solution into IRIS Accountancy Suite, will streamline the digital tax process for firms across the UK. This partnership, provides accountants with a fully integrated tax and accounting solution that automates manual processes, allowing them to modernise existing working practices to support their clients more efficiently.

    Sion Lewis, CEO Accountancy Division at IRIS Software says, “The modern accountancy firm may have preferred software systems, however the software used by their clients will differ presenting a significant challenge for the practice. With the need to digitise tax and record keeping becoming increasingly important, the sheer amount of data will increase exponentially as businesses begin to comply, and it’s vital accountants are supported through this challenging time.

    “Our mission at IRIS is to make the accountants working life more productive and this is another step on that journey. To ensure what could be a very complex process for UK accountants is made as simple as possible, IRIS is partnering with third party software vendors allowing connectivity and data sharing to extend efficiencies to the entire market. Time-consuming admin processes will be cut considerably and accountants will be able to focus on what is most important – adding true value to their client base in the post-Brexit digital economy.”

    Gary Turner, UK co-founder and managing director of Xero, says, “Thousands of accounting professionals are looking to Xero and IRIS to help them manage the impact of the new HMRC tax rules next year and so it makes perfect sense for us to collaborate to offer them as much support as we can.”

    Two of the UK’s leading accountancy sector software providers have joined forces in anticipation of the digital tax changes sweeping the nation.

    IRIS Software is today announcing a partnership with Xero to streamline the bookkeeping process for UK accountants in preparation for HMRC’s ‘Making Tax Digital’ (MTD) initiative.

    As the software used by an accountant’s client base will vary from business to business, firms have previously struggled to take data from one system into another. However, this issue may soon be a thing of the past.

    The collaboration, which enables accountants to pull client information directly from Xero’s bookkeeping solution into IRIS Accountancy Suite, will streamline the digital tax process for firms across the UK. This partnership, provides accountants with a fully integrated tax and accounting solution that automates manual processes, allowing them to modernise existing working practices to support their clients more efficiently.

    Sion Lewis, CEO Accountancy Division at IRIS Software says, “The modern accountancy firm may have preferred software systems, however the software used by their clients will differ presenting a significant challenge for the practice. With the need to digitise tax and record keeping becoming increasingly important, the sheer amount of data will increase exponentially as businesses begin to comply, and it’s vital accountants are supported through this challenging time.

    “Our mission at IRIS is to make the accountants working life more productive and this is another step on that journey. To ensure what could be a very complex process for UK accountants is made as simple as possible, IRIS is partnering with third party software vendors allowing connectivity and data sharing to extend efficiencies to the entire market. Time-consuming admin processes will be cut considerably and accountants will be able to focus on what is most important – adding true value to their client base in the post-Brexit digital economy.”

    Gary Turner, UK co-founder and managing director of Xero, says, “Thousands of accounting professionals are looking to Xero and IRIS to help them manage the impact of the new HMRC tax rules next year and so it makes perfect sense for us to collaborate to offer them as much support as we can.”

    More from Top Stories

    Explore more articles in the Top Stories category

    Image for Lessons From the Ring and the Deal Table: How Boxing Shapes Steven Nigro’s Approach to Banking and Life
    Lessons From the Ring and the Deal Table: How Boxing Shapes Steven Nigro’s Approach to Banking and Life
    Image for Joe Kiani in 2025: Capital, Conviction, and a Focused Return to Innovation
    Joe Kiani in 2025: Capital, Conviction, and a Focused Return to Innovation
    Image for Marco Robinson – CLOSE THE DEAL AND SUDDENLY GROW RICH
    Marco Robinson – CLOSE THE DEAL AND SUDDENLY GROW RICH
    Image for Digital Tracing: Turning a regulatory obligation into a commercial advantage
    Digital Tracing: Turning a regulatory obligation into a commercial advantage
    Image for Exploring the Role of Blockchain and the Bitcoin Price Today in Education
    Exploring the Role of Blockchain and the Bitcoin Price Today in Education
    Image for Inside the World’s First Collection Industry Conglomerate: PCA Global’s Platform Strategy
    Inside the World’s First Collection Industry Conglomerate: PCA Global’s Platform Strategy
    Image for Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    Image for PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    Image for A Notable Update for Employee Health Benefits:
    A Notable Update for Employee Health Benefits:
    Image for Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Image for Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    Image for ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    View All Top Stories Posts
    Previous Top Stories PostPORTWARE ALPHA PRO SETS THE BENCHMARK FOR INTELLIGENT WORKFLOWS THAT DRIVE MEASURABLE PERFORMANCE IMPROVEMENTS AND LOWER TCO
    Next Top Stories PostSOTI ONE PLATFORM SETS A NEW BENCHMARK IN THE MOBILE-FIRST ERA