UAE VAT Returns - Calculation of Standard Rated Supplies is not inclusive of credit card fees?
I record payment by credit card in undeposited funds after which I make a deposit. To account for credit card fees, I make a negative entry to equal the amount we actually receive in our bank account.
The issue I am facing is on my VAT return, the standard rated supplies total is showing a total LESS deposit fees (instead of NET sales).
For example, although my total sales are AED 1000 and credit card fees amount to AED 3, the amount of AED 997 is appearing on the VAT return beside standard rated supplies and VAT is being calculated as 997 x 5% (instead of 1000 x 5%)
Is there any way to have the standard rated supply figure showing as NET sales?