French Finance

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   03/04/2008, 18:23
sweet 17 is not online. Last active: 30/11/2008 13:59:50 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: 18/11/2008 13:14:14 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: 09/10/2008 07:05:12 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

St Malo 1-New evidence suggests mis-trial
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   05/04/2008, 14:49
knee gel is not online. Last active: 18/11/2008 13:14:14 knee gel

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Smile [:)] Re: Help with tax please
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Thanks benjamin,

The Connexion is an english monthly newspaper for brits in france (www.connexionfrance.com) available from local newspaper shops and supermarkets. The chappy who answers money and financial queries is Hugh MacDonald so perhaps I'd better send him an email.

Thanks again, Christina
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   05/04/2008, 15:13
Benjamin is not online. Last active: 09/10/2008 07:05:12 Benjamin

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Re: Help with tax please
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For anyone who is thinking of declaring online for the first time it seems that Friday 2 May is the first date that you can do it.




From: direction-generale-des-impots@dgi.finances.gouv.fr
Sent: Fri 04/04/08 20:53
To: Mr & Mrs Benjamin
Ministère du budget, des comptes publics et de la fonction publique



Cette année encore,
faites confiance à la déclaration de revenus en ligne




Madame, Monsieur,


Nous avons reçu l'année dernière plus de 7 millions de déclarations de revenus en ligne, dont la vôtre.

Cette année, votre déclaration sera disponible sur impots.gouv.fr, à partir du vendredi 2 mai.

Vous connaissez déjà ses avantages : la simplicité, car seules les rubriques dont vous avez besoin vous sont proposées et vous êtes dispensé de l'envoi des pièces justificatives, les délais supplémentaires qui vous sont accordés et la sécurité de la procédure, avec l'accusé de réception qui vous est donné à la fin de votre déclaration.

Pour vous assurer un service de qualité, nous vous informons régulièrement sur les meilleurs moments pour déclarer en ligne. En cas de forte affluence, un rendez-vous vous sera proposé.

Enfin, vous contribuez au respect de l'environnement : vous recevez un seul exemplaire de votre déclaration de revenus ainsi qu'une notice abrégée et vous n'envoyez plus de pièces justificatives.


Je vous remercie de votre attention.









Benjamin

St Malo 1-New evidence suggests mis-trial
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   05/04/2008, 18:24
Jane and Danny is not online. Last active: 25/11/2008 21:29:56 Jane and Danny

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Re: Help with tax please
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 Cat wrote:

I have just posted a French Tax FAQ, kindly put together by Sunday Driver and Cooperlola, that may help with some of this...

http://www.completefrance.com/cs/forums/1196188/ShowPost.aspx#1196188

Cat, regarding interest earned on savings abroad, you said (on the Tax FAQ)

Savings and Interest 

Q          I receive interest on savings that I have in the UK, do I need to declare this on my French tax return?

 A          Yes. For interest from savings in the UK, or anywhere else in the world outside France.  As you'll have gathered by now, start by entering your gross savings on form 2047, section IV. REVENUS DES VALEURS ET CAPITAUX MOBILIERS ET REVENUS ASSIMILÉS  2 - REVENUS DES VALEURS MOBILIÈRES ÉTRANGÈRES ET REVENUS ASSIMILÉS.  Put the gross figure in Column 5 under Royaume Uni, then transfer the total across to box TS on the form 2042. 

You can now contact your UK bank/building society to ask them to pay your future interest gross.  If they refuse, then you can claim a refund of the UK tax each year via HMRC. 

That's it for the savings interest.

when  you say "enter your gross savings on form 2047" I presume you mean gross amount of interest earned, not the amount of savings in the account. Is that right? Or have I misunderstood?

Maybe you could make it clearer for me? please? Sorry if I am being a dunce...

Danny


specialist flute repair
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   05/04/2008, 19:02
cooperlola is not online. Last active: 09/11/2008 17:04:05 cooperlola



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Re: Help with tax please
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The interest.  The tax is on unearned income - not the money that is in the bank (which you've sweated to earn and have already paid tax on!) which the interest was paid on.
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   05/04/2008, 19:08
Jane and Danny is not online. Last active: 25/11/2008 21:29:56 Jane and Danny

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Re: Help with tax please
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thanks

Danny


specialist flute repair
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   05/04/2008, 19:20
Cat is not online. Last active: 02/12/2008 20:46:14 Cat



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Re: Help with tax please
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Oops, changed from savings to interest.

Cathy


Always keep your words soft and sweet, just in case you have to eat them.
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