FTA VAT Voluntary Disclosure UAE

How to correct VAT errors by FTA VAT voluntary disclosure UAE is a very complicated question. It will be a disaster if a business makes an error or mistake while submitting VAT and then make another error while submitting a VAT voluntary disclosure. 

FTA VAT Voluntary Disclosure UAE is a form provided by the Federal Tax Authority (FTA) according to which the Taxpayer notifies the FTA of an error or omission in a Tax Return, Tax Assessment, or Tax Refund application. VAT voluntary disclosure form is commonly known as VAT211.

How to correct VAT errors by FTA VAT Voluntary Disclosure UAE

The basic purpose of the VAT voluntary disclosure form is to allow the taxable persons or businesses to voluntarily disclose the mistakes or error they have committed in the previous VAT returns or VAT refunds, by making a correction or omission. 

Businesses can use the VAT voluntary disclosure – form 211 to inform the Federal Tax Authority (FTA) about the mistakes they have done while submitting a VAT return or applying for the VAT refund. It will allow the taxable businesses to rectify the mistakes or errors voluntarily before the authority finds it before a VAT audit or through an assessment.

When you should submit a VAT Voluntary Disclosure Form?

There would be specific scenarios where a VAT Voluntary Disclosure Form should or can be used by taxpayers and submitted to the FTA. This would, in general, be in cases where a taxpayer becomes aware of an error or omission in a VAT Return, VAT Assessment or VAT Refund application, as below:

If you become aware that a VAT return submitted by you to the FTA or a VAT Assessment sent to you by the FTA is incorrect, which resulted in a calculation of the Payable Tax being less than it should have been, you must submit a VAT Voluntary Disclosure to correct such error.