Understanding your VAT registration requirements and liaising with the FTA authorities can become complex and time-consuming, depending on your structure, location of bank account, and operations. There are instances where firms are required to register but can request an exception from registration or restructure the transactions to opt for VAT grouping which will allow the group companies to transact VAT free within the group. There are other issues where the effective date of registration/de-registration stated in the application is incorrect leading to penalties from FTA or the documents submitted to FTA being insufficient leading to rejection/ resubmission of the form.
