Periodic VAT reporting

Periodic VAT reporting sends aggregated amounts to the tax authority at regular intervals.

Definition

Periodic VAT reporting is the traditional mechanism by which a business declares and remits VAT to the tax administration at fixed deadlines.

It covers aggregated totals — output VAT, input VAT, net VAT payable — rather than the detail of each individual invoice.

How it works

The frequency (monthly, quarterly or annual) depends on the company's turnover and tax regime.

• The business computes the difference between output VAT and deductible input VAT.
• It files a return and remits the balance due (or claims a credit).

Good to know

This aggregated model gives the tax authority little visibility between deadlines, which makes it vulnerable to VAT fraud.

Real-time reporting and Continuous Transaction Controls schemes are designed precisely to complement or replace periodic reporting with more frequent transactional data.