French Finance

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   01/04/2008, 16:35
allanb is not online. Last active: 12/02/2008 21:54:40 allanb

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Re: Help with tax please
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 knee gel wrote:
I have a guernsey account. This is my first tax year in france . I will receive my first interest payment from my guernsey account in June. My question is, do I have to inform the french tax office of this account even though I have not received interest on it or do I declare it next year?
I don't think this is mentioned in the FAQ, but you have to report any account outside France that existed at any time during the tax year, whether or not you received any income from it.

Note to forum admin: would it be useful to add this to the FAQ?   It comes up quite often.

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   01/04/2008, 16:35
allanb is not online. Last active: 12/02/2008 21:54:40 allanb

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Re: Help with tax please
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 knee gel wrote:
I have a guernsey account. This is my first tax year in france . I will receive my first interest payment from my guernsey account in June. My question is, do I have to inform the french tax office of this account even though I have not received interest on it or do I declare it next year?
I don't think this is mentioned in the FAQ, but you have to report any account outside France that existed at any time during the tax year, whether or not you received any income from it.

Note to forum admin: would it be useful to add this to the FAQ?   It comes up quite often.

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   01/04/2008, 16:50
cooperlola is not online. Last active: 03/07/2008 10:06:41 cooperlola



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Re: Help with tax please
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It is touched upon here, allanb:

"Q         Which forms do I need?

A         There are three basic tax forms - form 2047, which is a sort of work sheet for preliminary calculations before completing the main tax declaration.  Form 2042 is the main tax declaration form -  enter your personal details on page 1, tick the box for your married status and enter your respective years of birth (these are important because they determine the way your tax is calculated. 

The third one is form 3916 (available to download here) listing each foreign bank account that you have. Unless these accounts change, this form only needs to be filled in once.  "


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   01/04/2008, 16:50
Benjamin is not online. Last active: 04/05/2008 17:48:37 Benjamin

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Re: Help with tax please
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 allanb wrote:
 knee gel wrote:
I have a guernsey account. This is my first tax year in france . I will receive my first interest payment from my guernsey account in June. My question is, do I have to inform the french tax office of this account even though I have not received interest on it or do I declare it next year?
I don't think this is mentioned in the FAQ, but you have to report any account outside France that existed at any time during the tax year, whether or not you received any income from it.

Note to forum admin: would it be useful to add this to the FAQ?   It comes up quite often.



If it's the 3916 you are referring to then it's covered under the question What forms do I need?


Edit: Oops Cooperlola beat me to it.










Benjamin

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   01/04/2008, 16:53
Cat is not online. Last active: 09/07/2008 08:01:28 Cat



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Re: Help with tax please
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I've added to the paragraph to make it a little clearer...

The third one is form 3916 (available to download here) listing each foreign bank account that you have.  This form must be completed for all accounts held outside France that were in existence at any time during the tax year, even if if you did not receive any income from them. Unless these accounts change, this form only needs to be filled in once. 


Cathy



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   02/04/2008, 6:55
allanb is not online. Last active: 12/02/2008 21:54:40 allanb

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Re: Help with tax please
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Sorry, I missed it.  Thanks.

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   02/04/2008, 12:59
knee gel is not online. Last active: 28/06/2008 12:35:47 knee gel

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Big Smile [:D] Re: Help with tax please
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thanks, I am now 100% sure of what I am about to sign away to the tax man !

and a big thank you to all of you who dedicate your time to helping all of us.

Christina
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   03/04/2008, 18:23
sweet 17 is not online. Last active: 23/06/2008 09:14:01 sweet 17

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Re: Help with tax please
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Seconded, at least the "thank you" bit; can't say I'm 100% sure of anything.
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   05/04/2008, 12:26
knee gel is not online. Last active: 28/06/2008 12:35:47 knee gel

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Blink [blink] Re: Help with tax please
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Help encore !

Just when I thought I knew what I was doing, a friend gives me a copy of April's Connextion with a step by step guide to filling out the main forms.

I am now confused (unless I am not reading it correctly) as under the section headed "UK interest (bank and building society, PEP and ISA, National Savings and premium Bond winnings)", the advice is, "add together all of the NET interest and winnings for both spouses , from all sources, by country of origin"

Can someone confirm that NET interest is correct - I thought everything was declared gross. If net is correct could someone explain to this dim wit why.

Thanks in advance, Christina
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   05/04/2008, 14:22
Benjamin is not online. Last active: 04/05/2008 17:48:37 Benjamin

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Re: Help with tax please
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I don't know what April's Connextion is but it's wrong. Substitute the word gross for net.

If you have bank or building society interest net of tax (but not the others you mention as these are already paid gross) you will then have to reclaim the tax deducted via HMRC.




Benjamin

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