French Finance

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   18/05/2008, 11:03
Ron Avery is not online. Last active: 06/07/2008 17:48:08 Ron Avery

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Re: Help with tax please
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 knee gel wrote:
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

And here is an example of his clear and incisive advice that I posted on another thread about why he told people that UK interest should be declared net, and not gross.

"As UK bank interest is paid after the deduction of UK income tax, it is received net. Other income sources are generally exempt from income taxWoot! [:-))], so are also paid net, although this figure will, admittedly, be the same as the gross incomeConfused [8-)]Confused [8-)]Woot! [:-))] 

The French require that it is the net income received that is initialled “declared” on the form 2047 as there is then a method of accounting for the income tax in order to then produce the gross income which, yes, will be “assessed"

 

Thank you.................  NEXT!!!

 


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