Data collection: VAT return filing services can collect all the necessary data from the business, including invoices, receipts, and other relevant documentation.
VAT calculation: VAT return filing services can calculate the amount of VAT due for the tax period, considering input tax credits and other deductions.
Return preparation: VAT return filing services can prepare the VAT return in the format required by the FTA, including all the necessary details about taxable supplies and purchases, and the amount of VAT due.
Submission and payment: VAT return filing services can submit the VAT return to the FTA on behalf of the business and arrange for payment of any VAT due.
Compliance review: VAT return filing services can review the business's VAT compliance records to ensure that all transactions have been properly recorded and that all VAT obligations have been met.