Interest from UK on French tax form

[Danny]

a message for Cat really.( or maybe others who might know)

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 interest 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. 

Cat, you wrote the above on the franch tax FAQs. I have one (more) question.

This year, we have a small amount of interest to declare and I am following the advice above and some others. I have hit the following snag. There is no box TS on my form 2042 pre remplié. I have checked the downloadable normal 2042 forms and I still can't see a box 2042 on them either. Is this a mistake? if so, do you know which box it should go in on the 2042 if at all. None of them seem appropiate to  me.

Thanks

Danny

PS I appreciate all the effort that has gone in to doing this

 

[Cat]

I'll wait for one of the real experts to come along (I'm only the scribe) but in the meantime, as you say your form came pre-filled, is it possible that you have simplified form 2042S?

Ron posted an explanation for the lack of box TS here... http://www.completefrance.com/cs/forums/3/1058030/ShowPost.aspx#1058030

[Danny]

OK - I have found it! it was under section 2 not section 8 where I thought it should be... 

but... the line says Revenus de valeurs mobilières et distributions crédit d'impots inclus     TS

this does not seems to me to apply to interest on foreign accounts, but then my translations of certain financial words are dodgy...

I am going in to the tax office tomorrow and I will double check there

Danny

[Danny]

PS Sorry if I am just being crap but tax forms just make me dizzy and of course ones in French...

Danny

[Sunday Driver]

Danny

Box TS is for declaring foreign interest, which may or may not be inclusive of tax.  If you look at the corresponding section of the 2047, you'll see a chart of all those countries where France allows a tax credit - no tax credit allowable against UK interest because under the DTT, it is taxable in France.

 

 

 

 

[Danny]

Thanks SD

Danny