Seuil TVA autoentrepreneurs - 10 things to know with detail
- 1. Threshold for VAT registration: As an autoentrepreneur, you are eligible for the VAT exemption regime if your annual turnover does not exceed a certain threshold. In France, this threshold is set at €33,200 for services and €82,800 for sales of goods.
- 2. Voluntary VAT registration: Even if you do not exceed the threshold for VAT registration, you can choose to register for VAT voluntarily. This can be beneficial if you work with other businesses that are VAT registered and want to claim back the VAT on your expenses.
- 3. VAT rates: In France, there are three main VAT rates - 0%, 5.5%, and 20%. The rate that applies to your business will depend on the type of goods or services you provide.
- 4. Invoicing: If you are VAT registered, you must include VAT on your invoices. This includes your VAT number, the amount of VAT charged, and the total amount including VAT.
- 5. VAT returns: As a VAT registered autoentrepreneur, you will need to file regular VAT returns with the tax authorities. This typically involves reporting the VAT you have charged on your sales and the VAT you have paid on your purchases.
- 6. VAT deductions: If you are VAT registered, you can generally deduct the VAT you have paid on your business expenses from the VAT you have charged on your sales. This can help reduce your overall VAT liability.
- 7. Flat-rate scheme: Autoentrepreneurs can opt for the flat-rate scheme, which simplifies VAT calculations. Under this scheme, you apply a fixed percentage to your turnover to determine the VAT due.
- 8. Exemption for small businesses: If your annual turnover is below a certain threshold, you may be eligible for the small business exemption. This means you do not have to charge or pay VAT on your sales.
- 9. International transactions: If you provide goods or services to customers outside of France, different VAT rules may apply. It's important to understand the VAT implications of international transactions to ensure compliance.
- 10. Penalties for non-compliance: Failing to comply with VAT rules can result in penalties and fines from the tax authorities. It's important to stay informed about your VAT obligations and seek professional advice if needed.