Tax Period

Definition

A Tax Period is the reporting cycle set by the FTA for VAT or Corporate Tax returns. It defines the start and end dates of taxable reporting.


Key points


  • VAT periods: usually quarterly, sometimes monthly.
  • Corporate Tax: annual periods aligned with financial year.
  • Returns and payments are due within 28 days (VAT) or 9 months (corporate).
  • Failure to file on time leads to penalties.


Practical example

A company’s VAT tax period is Jan–Mar. Its VAT201 must be filed and paid by 28 April.


Why it matters

Knowing your tax period ensures deadlines are met and penalties avoided.

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