Quarter end, without the dread.

01 · At the till

VAT, right the first time.

The Owner sets the tax rule once, for example 5% VAT included in prices, and every sale follows it; cashiers can't change it at checkout. Receipts show the VAT inside the total, A4 tax invoices carry your company details, and returns issue credit notes.

• One tax policy set by the Owner
• VAT-inclusive shelf prices
• Tax invoices and credit notes
• Invoice numbers in sequence

02 · The return

Your VAT 201, worked out.

For each tax period Posific adds up standard-rated sales for your emirate, standard-rated expenses, the tax due, the tax you can recover and the amount to pay or reclaim, and checks that the return agrees with the books. Credit notes reduce the period they're issued in.

Behind every figure are the registers: each tax invoice, credit note, bill and expense, ready for your accountant or an FTA audit.

• Box 1 sales for your emirate
• Box 9 standard-rated expenses
• Boxes 12, 13 and 14 worked out
• Agreement with the books, checked

03 · Before you file

What's yours to add.

Some things never pass through a shop's till. Imports, reverse-charge purchases, exempt supplies and tourist refunds aren't recorded in Posific, so the return reminds you to add any on the FTA portal. You file and pay on EmaraTax by the due date shown for the period.

• Reminders for imports and reverse charge
• Due date shown for the period
• Accountant pack for your tax agent