Time Machine Financial Services

UAE VATHealth Check

A review of your past VAT returns, invoices and treatments that catches reverse-charge, credit-note and TRN errors before an FTA audit does, with a plan to fix them.

  • Past Returns Review
  • Invoice Checks
  • Error Report
  • Voluntary Disclosure
  • Audit Readiness

Published Updated

Find VAT Errors Before the FTA Does

A VAT health check reviews a sample of your past returns and transactions against UAE VAT law. Errors found and corrected through voluntary disclosure generally attract lower penalties than errors found by the FTA in an audit.

Most VAT errors are not deliberate: a missing reverse charge on an imported service, input tax claimed on a non-compliant invoice, a credit note issued wrongly or a zero-rating without the right evidence. We review your returns and records, list what we find in plain language, and help you correct it before it compounds.

Advisors reviewing documents with a client (placeholder)

How the VAT Health Check Works

Six steps from scoping to fixes.

  1. 01

    Scoping

    We agree which tax periods and areas to review, based on your business and risk.

  2. 02

    Records Review

    Returns, sales and purchase records, contracts and customs documents reviewed for the chosen periods.

  3. 03

    Transaction Testing

    A sample of transactions checked for rate, place of supply, invoicing and input tax recovery.

  4. 04

    Findings Report

    A clear report of errors, their likely value and the risk each one carries.

  5. 05

    Corrections

    Errors fixed through later returns or voluntary disclosure, depending on their size and nature.

  6. 06

    Process Fixes

    Invoicing, coding and review steps changed so the same errors don’t recur.

What You Need to Provide

Records needed for the review.

  • VAT returns filed for the review periods
  • Sales and purchase listings
  • A sample of tax invoices and credit notes
  • Customs declarations for imports and exports
  • Key customer and supplier contracts
  • Your VAT registration certificate

Why Get a VAT Health Check

Small errors repeated every quarter add up to large exposures.

Errors found before an FTA audit

Lower penalties through voluntary disclosure

Missed input tax identified and recovered

Reverse charge on imports checked

Zero-rating evidence reviewed

Invoice and credit note compliance tested

Clear report written in plain language

Processes fixed so errors don’t recur

The TMFS Advantage

What sets our VAT reviews apart.

Risk-Based Review

Time spent on the areas most likely to hold errors in your type of business.

Plain-Language Report

Findings explained clearly, with the value and risk of each issue.

Disclosure Support

Voluntary disclosures prepared and filed where they are needed.

Recovery Opportunities

Under-claimed input tax identified, not just errors against you.

Process Changes

Practical fixes to invoicing and coding so problems stay fixed.

Audit Readiness

Records organised so you are ready if the FTA calls.

Why Businesses Choose TMFS for VAT Reviews

Three things clients mention most.

Advisors reviewing documents with a client (placeholder)

Practical findings

A short list of real issues, not a long list of theory.

Lower exposure

Errors corrected on your terms, before an audit.

Lasting fixes

Changes to how you invoice and record VAT, so the same issues don’t return.

What Clients Say

Feedback from founders who set up with TMFS.

TMFS has truly been a game changer for me. Their personalized approach to financial services made the entire process easy and stress-free. I trust them completely with my investments and feel secure knowing my financial future is in safe hands.

VT
Vipul TibrewalMarketing Manager, PSP Marketing

I've worked with several financial firms, but TMFS stands out with their attention to detail and commitment to understanding my unique needs. Their professional team has guided me every step of the way, and I couldn't be happier with the results.

FA
Fatima Al MansooriRealtor, Frisko

TMFS has been incredibly supportive and responsive throughout my financial journey. Their personalized broker services have exceeded my expectations, and I now recommend them to anyone looking for trustworthy financial guidance.

PN
Priya NairSales

I came to TMFS with a business idea and very little idea of how UAE setup worked. They recommended the right free zone for my activity, handled the licence paperwork, and had my company registered within a week. What impressed me most was the banking. They prepared my bank application alongside the licence, so my business account was opened soon after instead of dragging on for months. One team, one point of contact, and no surprises on cost.

RM
Rahul MenonFounder, E-commerce Start-up

Keeping up with VAT and the new Corporate Tax rules was taking time away from running the business. TMFS took over our bookkeeping, registered us for Corporate Tax and now files our VAT returns every quarter, always ahead of the deadline. Their team explains what is due and why in plain language, and our accounts are finally clean and audit-ready. It is one less thing I have to worry about.

SW
Sarah WhitfieldDirector, Trading Company

TMFS handled my investor visa and then my wife's and children's family visas, and the whole process was far smoother than I expected. They told us exactly which documents we needed, booked the medicals and Emirates ID appointments, and kept us updated at every step. When we later hired our first two employees, they processed those visas just as quickly. I'd trust them with any visa matter.

OH
Omar HaddadManaging Partner, Consultancy

VAT Health Check: Frequently Asked Questions

Common questions about reviewing your VAT position.

Who needs a VAT health check?
Any VAT-registered business that hasn’t had its returns reviewed, has grown quickly, imports services, has mixed supplies or has changed systems or accountants.
What periods do you review?
Usually the most recent returns and any periods with unusual transactions. We agree the scope with you before starting.
What is a voluntary disclosure?
A filing that corrects errors in returns already submitted. Correcting errors yourself generally attracts lower penalties than errors the FTA finds in an audit.
Will a health check trigger an FTA audit?
No. The review is private between you and us. Disclosures are made only where corrections are required.
What are the most common errors?
Missing reverse charge on imported services, input tax claimed without a valid tax invoice, wrong credit note treatment and zero-rating without proper evidence.
How long does it take?
It depends on the number of periods and transactions. We give you a timeline when we agree the scope.
Sources & official references

Federal Tax Authority (FTA) · Federal Decree-Law No. 8 of 2017 (VAT) · Federal Decree-Law No. 28 of 2022 (Tax Procedures)

Verification & independence

Prepared from publicly available guidance from the Federal Tax Authority and UAE federal law as of October 2026. Time Machine Financial Services is independent of the Federal Tax Authority and is not affiliated with or acting for any UAE government authority.

VAT rules, penalties and voluntary disclosure procedures change. Confirm the current position for your situation with the Federal Tax Authority, or ask us, before acting on this page.

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