VAT
How Verasol applies VAT, the VAT 201 return, VAT payments, the FTA Audit File and e-invoicing.
- How VAT works in VerasolHow Verasol applies UAE VAT to your sales and purchases, which accounts it uses, how every posted document reaches the VAT 201 return, and why a filed period is locked.
- Prepare the VAT 201 returnGenerate the VAT 201 return of a period from your posted books, check every box against the ledger, and mark it as filed once you have submitted it on EmaraTax.
- Filed VAT returnsThe history of your VAT returns with their payment status, how to look at, download or amend a filed return, and how to enter the VAT still open from before Verasol.
- VAT payments and refundsRecord the VAT you pay to the FTA, or a refund you receive from it, against a filed return. Verasol books it through your bank and shows what is still open.
- FTA Audit File (FAF)Download the FTA Audit File for any period, straight from your posted books, and see beforehand what it will contain.
- E-invoicingGet ready for UAE e-invoicing. Verasol makes and checks an e-invoice for every tax invoice and credit note to a business, and shows what your data still misses.