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France VAT B2B e-invoicing and B2C e-reporting July 2024 – update

7 April 2022 in

e-invoice

Registrations begin Sep 2023 for July 2024 launch of B2B e-invoicing – following Mexican decentralised Continuous Transactions Controls model The French tax authorities (Direction Générale des Finances Publiques) have clarified the July 2024 launch plans for B2B e-invoicing and B2C invoice reporting: Jun 2022: The

France e-invoicing and e-reporting update

8 March 2022 in

e-invoices

Small enterprises guidance for joining e-invoicing and e-reporting before Jan 2026 The French General Directorate of Public Finance has confirmed the status of small enterprises wishing to join on a voluntary basis the implementation of French e-invoicing from July 2024. They will be mandated to

France authorised by EC to mandate e-invoicing 2024

28 January 2022 in

Continuous Transaction Controls

European Commission grants derogation from VAT Directive for electronic invoices On 17 January, the European Commission granted France permission to introduce mandated electronic invoicing, and derogate from Articles 218 and 232 of Directive 2006/112/EC. This is a temporary derogation between 1 January 2024 and 31

France updates B2C e-commerce VAT package rules

20 December 2021 in

deemed supplier

New guidance on cross-border €10,000 registration threshold; distance selling; registration and invoicing; marketplace deemed supplier France has issued new guidance on the implementation of the EU e-commerce VAT package which came into effect from 1 July 2021. This follows a public consultation in the Autumn.

France Standard Audit File for Tax (SAF-T)

26 November 2021 in

France introduced a local version of the OECD’s SAF-T harmonised tax data reporting schema. The French version, FEC (Fichier des Écritures Comptable). The new regime comes into effect from 1 January 2014. France e-invoicing will be introduced from 2024 following a 1-year delay. Learn more about

France splits DEB submission into Intrastat and ESL Jan 2022

24 November 2021 in

Intrastat and EC Sales List in France to follow standard EU practise From January 2022, France is to split its Déclaration d’Echanges de Biens (‘DEB’) monthly additional filing into two, following the usual model for EU member states: Intrastat – for declaring the taxpayer’s movement

France VAT groups from 2023

22 November 2021 in

France plans to introduce the concept of a VAT Group from 1 January 2023. This provides the option for related companies to form a single VAT person, with just 1 VAT registration, and eliminate the cash flow drain of VAT payments on intra-group invoices. Limited

France tightens IOSS Intermediary rules

11 November 2021 in

deemed supplier

France moves to close shell Intermediary representatives France is to enforce new requirements for Intermediaries – a type of Fiscal Representative – for the new Import One-Stop Shop IOSS returns introduced on 1 July 2021 as part of the EU e-commerce package. For regular free

France to loosen financial services option to tax for VAT

18 October 2021 in

Financial Services VAT exemption

VAT saving opportunities for banks, credit and securities businesses The French 2022 finance bill includes a proposal to ease the terms under which financial services business may opt for taxation (VAT). This would enable banking, and other players in the sector (excluding insurance) to waive

French court strikes down 50% invoice fines

16 June 2021 in

France

The French Constitutional Council has ruled that France may no longer levy a disproportionate fine for missed VAT invoices. The current (Art. 1737, I, 3. of the CGI) French tax code allows for a 50% fine based on the VAT due on the invoice. The

Category: France