VAT 201 return workings

See your VAT return worked out from the books and the points to check before you file.

On Basic and above, Accountive works out your VAT 201 return from your invoices, bills and expenses. You then file it yourself in EmaraTax.

1. Make sure your TRN, VAT period and VAT registration date are saved in Settings, VAT & Corporate Tax.
2. Record all sales and purchases for the period.
3. Open the VAT return for the period under Tax and review the boxes and any problems listed.
4. File in EmaraTax by the 28th day after the period ends.

What the workings cover

• Standard-rated sales by emirate, reverse charge, zero-rated and exempt supplies.
• Goods imported through UAE customs in box 6.
• Recoverable input VAT, with VAT from suppliers without a TRN flagged.
• A note when box 14 is a refund: excess recoverable VAT can be carried forward for up to five years.

VAT threshold guidance

The app adds up taxable sales for the last 12 months. Above AED 187,500 it explains voluntary registration. Above AED 375,000 it says registration is mandatory within 30 days.