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French Finance
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11/03/2008, 18:03
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cooperlola

Joined on 05/05/2006
72 - Sarthe - home of les 24 heures du Mans
Posts 6,361
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Re: Being taxed in France
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Firstly, you have no choice in the matter. If you live in France, you are taxed in France, unless your pension is a public sector one (ie Civil Service, Police etc) in which case you are taxed in the UK. No matter what, if you live here, you must complete a French tax return (the forms will be published shortly for your '07 income and must be in around May) even if you pay tax in the UK as social charges and income tax have to be calculated on any other bits of income (such as interest from UK accounts etc, however small). It's not a question of which is the most advantageous, but which you are legally bound to do.
However, one is normally better off paying income tax here anyway.
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12/03/2008, 18:25
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cooperlola

Joined on 05/05/2006
72 - Sarthe - home of les 24 heures du Mans
Posts 6,361
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Re: Being taxed in France
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Yes, you begin paying tax in France from the date of arrival. However, you pay in arrears here so very shortly the tax forms for declarations in France for 2007 will be published (you'll find this pops up on the forum when it happens, so keep an eye out). You then nip along to your local tax office here and ask for the relevant forms (there are basically 3 - the standard form everybody fills in, one for foreign income, and another - which you complete once - listing any bank accounts held outside France). You also have to get a form FD5 - which is the form which allerts the UK authorities that you are now a French resident.
You submit the lot to your French tax office some time in May (again, this date is always mentioned somewhere on here once it's been published). Your local tax office works out your liability here and you'll get a bill which has to be paid in the early autumn. They also stamp the FD5 to confirm you're in the French system and then it goes to the UK tax office via Paris (with me so far?) Eventually - and this takes a while - you'll get a rebate of all the tax you paid in the UK since you moved.
Those are the bare bones, at least!
EDIT : Forgot, you need to fill in a P85 too:
http://www.hmrc.gov.uk/cnr/p85.pdf
I'm currently looking up the references for the other forms.... Watch this space.
EDIT No. 2 FD5
http://www.hmrc.gov.uk/cnr/france-individual.pdf
Edit No. 3
The two tax forms you need are 2042 and 2047 - you can download "blanks" HERE but do wait until the '07 ones come up as the old ones are still showing at the mo'.
Edit No. 4 (hopefully the last). The form for declaring foreign bank accounts is HERE
Phew! I think that's about it but Sunday Driver and co will put me right if not. Basically, it's a bit stressful the first time but is a doddle once you've got it all sussed. The painful bit is waiting for HMG's tax office to get your rebate sorted...
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14/03/2008, 16:39
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Weegie
Joined on 19/12/2007
Posts 45
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Re: Being taxed in France
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.Just to add, should you have any UK Bank accounts you should also complete form 3916 (one for each account). Edit: Sorry Cooperlola, just saw your link.
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18/03/2008, 12:52
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knee gel
Joined on 06/10/2007
Posts 30
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Re: Being taxed in France
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Hi Weegie, help ! the form 3916 you refer to for UK bank accounts, where can I find it? I have looked through the forms on the hmrc site but can't seem to find it.
ta in advance....chris
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18/03/2008, 13:24
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gosub

Joined on 15/01/2008
North 47
Posts 161
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Re: Being taxed in France
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knee gel wrote: | | Hi Weegie, help ! the form 3916 you refer to for UK bank accounts, where can I find it? I have looked through the forms on the hmrc site but can't seem to find it.
ta in advance....chris |
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You should be looking on the French gov. web site for the forms, use cooperlola's link as above.
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18/03/2008, 15:01
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knee gel
Joined on 06/10/2007
Posts 30
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Re: Being taxed in France
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Oops sorry, when you bring up the site the title bar states 3716 but the form does state 3916 - didn't go that far as I panicked at the first stage of download !
thanks, Chris
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05/05/2008, 14:35
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Fleur

Joined on 23/08/2004
Dordogne
Posts 102
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Re: Being taxed in France
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France Forum » Legal and Finan... » French Finance » Re: Being taxed in France
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