Frank Posted May 7, 2008 Share Posted May 7, 2008 Hi everyone, sorry if this has been asked before but couldn't find answer on search. This will be my first declaration as professional micro enterprise for gites, (form 2042c) do I put my total revenue for last yr in the section marked 'vente de marchandises ou assimilees' box KO to get the 71/29 split or the service section ?? (I'm leaning towards KO as I understand the service section to be a lower percentage split circa 50/50) Any advice greatly received, many thanks in advanceJetlag Link to comment Share on other sites More sharing options...
Clair Posted May 7, 2008 Share Posted May 7, 2008 As a non-professional, I enter the holiday rental income in OO (as I ama conjoint), which is described as "ventes de marchandises oulocations", equivalent to box KO for a professional.You"ll be taxed on 29% of the figure you enter (71% will be deducted as expenses).You also need to calculate the 29% and enter it in section F, box HY, to allow for the prélèvements sociaux on the income.PS: I am not a specialist though... Link to comment Share on other sites More sharing options...
Frank Posted May 7, 2008 Author Share Posted May 7, 2008 Hi ClairMany thanks for your quick reply. Pardon my ignorance, but what is prelevements sociaux?? No one has mentioned this before, not even the tax office........eeek!!! I have started to pay professional cotisations for this yr and know I will need to pay tax professionel on the gites along with habitation tax for the house, is this yet another tax?? many thanksJetlag Link to comment Share on other sites More sharing options...
Clair Posted May 7, 2008 Share Posted May 7, 2008 The French gvmt does not call it a tax, but that's what it amounts to.They are payments towards the 'social fund shortfall' and normally amount to 11% of all earned and unearned income. So in effect, you will receive a demand towards the end of the year for 11% of whatever the 29% of the rental income amount to, 11% of interest on savings (France and UK)...If this is news to you, you should make an appointment with your tax office to get some assistance in completing the declaration.Read these threads: http://www.completefrance.com/cs/forums/1048354/ShowPost.aspxhttp://www.completefrance.com/cs/forums/1054994/ShowPost.aspxEDIT: as per my previous post, my rental income is on a non-professional basis. I am not familiar with professional taxes, so it would be best for you to seek help from the tax office. They have a hotline (if your French is up to it): 0810 46 76 87 (8h - 22h Monday to Friday and 9h - 19h on Saturdays) Link to comment Share on other sites More sharing options...
Frank Posted May 7, 2008 Author Share Posted May 7, 2008 Hi ClairThanks again for your quick reply, will contact the tax office on Friday. So to put it bluntly, even though I already pay 45.5% of my 29% in cotisations,( registered as micro with chambre commerce etc) I will still need to pay a further 11%[8-)] Seems very steep to me, but like you say, I will get onto them Friday!!!! Will post what they say. Thanks againJetlagedit, sorry Clair, missed your edit at the bottom!! Link to comment Share on other sites More sharing options...
Clair Posted May 7, 2008 Share Posted May 7, 2008 [quote user="jetlag"]I will get onto them Friday!!!! [/quote]Don't be surprised if they're closed this Friday. There's a bank hol on Thurday and another one on Monday and in all probability, most gvmt offices will be closed until Tuesday... Link to comment Share on other sites More sharing options...
Gastines Posted May 7, 2008 Share Posted May 7, 2008 A visit to your local Impot office is the easy answer. We have found that you are dealt with quickly and given every help and you get immeadiate peace of mind.Regards. Link to comment Share on other sites More sharing options...
Clair Posted May 7, 2008 Share Posted May 7, 2008 Seconded! [:)] Link to comment Share on other sites More sharing options...
Frank Posted May 9, 2008 Author Share Posted May 9, 2008 I didn't get to the tax office but spoke to my French friend who was an accountant all her working life, and now I need to lie down and connect myself to the alcoholic drip while I get over the shock[:-))] Seriously, thanks Clair for mentioning it earlier, I don't know why the Chambre of Commerce, the Impots or Ursaff don't tell you this info when you speak to them about setting up a business and declaring taxes!! I wonder how many more 'surprise' taxes are waiting on the side lines[:'(] Thanks againJetlag Link to comment Share on other sites More sharing options...
Gastines Posted May 9, 2008 Share Posted May 9, 2008 Depending on what business you are in it is worth noting a detail pointed out to me by MIKI an ex Forum Member.The first year for our CdH ,we registered for the complete tax year and nearly had a heart attack over the extra cotisations. We used to tick over April till June then full July/August and part Sept and then close. The info imparted by MIKI,bless him, was that we could register for April 1st start the CdC and deregister at the end of Sept.This saved us more than half of the previous years extras. We visit the CdC register for I think 55e,they will do all the paperwork required to the other depts for an extra 50e and save you a lot of paperwork and it's all dealt with on the day.We are now in the non-paying B&B business as in family and old friends only.Regards. Link to comment Share on other sites More sharing options...
Frank Posted May 9, 2008 Author Share Posted May 9, 2008 Hi Gastines, thanks for the info. When I registered, the guy from ursaff came round to my house to discuss cotisations etc, when he did the first calculations, I nearly fell through the floor, then started laughing with the shock[:P] !!! Anyway, he said I could sign a declaration for approx. turnover this yr and my cotisations were calculated on that, this was a much lower payment. However, he also pointed out that if I went over my estimated turnover for the yr, then I would have to make a one off payment for the difference also if I didn't make my estimated turnover, they would refund the difference. He said I could also do the same for next yr until it 'balances' itself out. Payment wise, it is a much better way for me as the costisation payment is more in line with my estimated turnover and not with their set model. As I am open all yr round, I don't think the register/de register system would work for me, but thanks again for the info, its worth bearing in mind should the business look like its only going to be in peak season.Jetlag Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.