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VAT RETURNS FILING

4/10/2018

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What does VAT return filing mean?
VAT Return filing is the official tax document to be submitted to the Federal Tax Authority before the due date. VAT Return filing has to be done by the Taxable Person at regular intervals depends upon his tax period. The VAT Return should show the details of any output tax due and input tax recoverable together with other information as required by the format. It can be filed either by a taxable person or any other person who has been authorized to do so on behalf of the Taxable Person (a Tax Agent or a Legal Representative).

When should you account for VAT return filing as per FTA?
VAT Return Filing must be done by not later than 28th day of the month following the Tax period or by such other date as requested by FTA. For example; if your first VAT return period is January 2018 to March 2018, your VAT return due date will be 28th April 2018. Where a payment is due, it should also be paid by the same deadline. Where the due date falls on a weekend or a national holiday, the deadline is extended to the first business day thereafter. Late filing of VAT return attracts penalty of AED 1,000 for the first time of occurrence of a delay. The penalty would be increased for subsequent non-compliance of filing of VAT Return.
The standard Tax period applicable to a Taxable Person is a period of three calendar months. However, FTA has assigned different Tax Periods for certain group of Taxable Persons. Some of them have Tax Period on monthly basis. A Taxable Person has an option to request to the FTA to change his Tax Period. However, it is at the FTA’s discretion to accept the request.

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  • Home
  • About Us
    • Who We Are
    • Timeline
    • Our Services
    • International board of advisors
    • Our Clients
    • Our Team
    • Our Community
    • CSR >
      • MCK Charitable Trust
      • Sri Guru Singh Sabha Slough
      • Vaisakhi 2018
    • Clients Corner
    • Careers
  • Our Services
    • Legal >
      • Our Legal Services
      • Company & Commercial >
        • Our Company & Commercial Services
        • Small Businesses
        • Guide to Setting Up
      • Dispute Resolution
      • Family >
        • Our Family Services
        • Divorce
        • Setting up Home
      • Immigration >
        • Our Immigration Services
        • Immigrate to the UK
        • Your 5 Steps to the UK
        • How much will it cost?
        • Applications
        • Business Visa >
          • Tier 1 Investment
          • Tier 1 Exceptional Talent
        • Family Visa >
          • Fiance
          • Spouse/Married
          • Unmarried/Defacto
          • Ancestry
          • Dependency
          • EEA Family
        • Student Visa >
          • Tier 4 Student
          • Tier 4 Student (Child)
          • Short Term Study
        • Work Visa >
          • Tier 2 General
          • Tier 2 Intra Company
          • Tier 2 Sports Person
          • Tier 2 Minister of Religion
          • Tier 5 Temporary Worker
          • Overseas Domestic Worker
          • Representative of an Overseas Business
        • Indefinite Leave to Remain
        • Permanent Residency
        • British Citizenship
        • Right of Abode
        • Invest in the UK
        • Appeals
      • Media
      • Property >
        • Residential >
          • Our Residential Property Services
          • General Information
          • Buying your Home
          • Selling your Home
        • Commercial
      • Landlord/Tenancy >
        • Our Tenancy Services
        • General Information
        • Renting - For Tenants
        • Renting - For Landlords
      • Wills >
        • Our Wills Services
        • Making a Will
        • Online Will
      • How we charge
  • Blog
  • Contact Us