Introduced by FTA that will enable the taxpayers to rectify the errors/omissions they had committed while filing VAT Return Form 201 for any of the previous periods.

A Voluntary Disclosure VAT 211 Form is a form provided by the Federal Tax Authority (FTA) that enables the taxpayers to voluntarily notify the FTA about the error or omission in a previous Tax Return, Tax Assessment, or Tax Refund application

When to use Voluntary Disclosure Form?

There are specific scenarios where a Voluntary Disclosure Form should be used by taxpayers. This would be applicable in cases where a taxpayer becomes aware of an error or omission in a Tax Return, Tax Assessment or Tax Refund application such as if you become aware that a Tax Return submitted by you to the FTA or a Tax Assessment sent to you by the FTA is incorrect, which resulted in following situations:

• Calculation of payable Tax being less than it should have been
• Calculation of payable Tax being more than it should have been

In the above situations, you must submit a Voluntary Disclosure to correct such error.

Time Limits for Voluntary Disclosures

Whereas the FTA permits the taxpayers to inform the error to FTA, it is additionally imperative for businesses to take note that punishments will be levied on case to case basis.

Source: Federal Tax Authority