Taxable persons must file VAT returns to the FTA, summarizing their supplies and tax liability for a specific tax period.
VAT 201 Form Structure
The standard VAT return form (VAT 201) is divided into key sections. Here is a simplified breakdown:
Sales & Outputs
VAT you collected from customers
- Standard Rated Supplies (5%) Box 1
- Zero Rated Supplies (0%) Box 4
- Exempt Supplies Box 5
- Total Output Tax Box 12
Expenses & Inputs
VAT you paid to suppliers
- Standard Rated Expenses (5%) Box 9
- Supplies subject to Reverse Charge Box 10
- Total Recoverable Tax Box 13
Net VAT Payable (Box 14)
Total Output Tax (Box 12) minus Total Recoverable Tax (Box 13)
If negative, you can claim a refund.
Deadlines
VAT returns are typically filed quarterly or monthly (as assigned by FTA). The deadline is the 28th day of the month following the end of the VAT period.