Accbooks VAT experts can help you in VAT assessment in order to avoid any predicament and penalties by the Federal Tax Authority (FTA) in the foreseeable future. The Value Added Tax (VAT) is considered to be a self-assessment tax, which is to say that the taxpayer is the one who has to assess the amount of tax payable based on the supplies done during the period and file it with the FTA through its standardized procedure.  VAT has to be assessed correctly by the taxpayer; however, if discrepancies come to light about the amount of VAT payable, the FTA would issue a notice directing the taxpayer to pay the VAT besides penalties.