Do I need to turnaround the whole business to account for VAT? Off course not but if you will not fix the basics for VAT you will soon probably do a lot and that will still be not sufficient.
“Well Begun is half done”
You need to do the following to ease the whole process of VAT from start to end. Remember the end of 1 quarter is the beginning of another quarterly. Therefore, for quarterly VAT return you need to divide the year in 4 quarters.
We are the VAT specialist, covering the whole UAE market, whether your business need to do VAT registration and submissions in Dubai, Abu Dhabi, RAK or other UAE states, we are here to help you.
We are also certified advisors cloud accounting XERO, and other accounting software. Additionally we offer extra mile service where we could help you make changes to your existing accounting system.