Not this year apparently.
Looks to me as if Livret A are no longer liable to tax.
Ah - Livret A (or Blue) - yes interest is free of tax and social charges. I thought it was always so…
Just done mine, printed out the response and filed it all. First time online with extra bits for me as had paper previously and all I had to do was check the figures, sign and return (so much easier if your revenue does not alter much) Feel a great sense of relief now.
Yes, just did ours today as well. Not very complicated, as not a lot has really changed apart from amounts. Very simple, all done within an hour. Just how I like it.
Thanks for the reassurance @hairbear . I was completely thrown by the fact that I had all the amounts ready but where to enter them didn’t seem to fit. I have a horrible feeling I may have put our pensions in the wrong place last year and that’s why I’m getting confused. I really really hope I’m not losing the plot mentally…
I’ve always done a paper return, but as we moved last year I’ve got to do the property form too, and when you sign that you’re also declaring you dont have Internet, so I’m taking the plunge and will do mine online over the weekend (or the following weekend…)
We always do a screenshot of each page where we have ticked boxes, which is helpful for the following year. I also keep notes of what we have done and update them each year.
Having not done that the previous few years, I have definitely done it this year! Plus a spreadsheet of workings with explanatory notes.
What was frustrating this year was finding that the site behaviour changed with which browser I was using. I ended up using Chrome, which seemed to give the full functionality.
Also, when putting UK interest figures on the 2047, I found that they replaced (and obliterated) the figures supplied by my French bank for the Livret A etc so had to be backfitted.
I’m dreading it already ![]()
Be brave! I’m sure you’ll find it easy peasy - and then you’ll feel so good when it’s done!
I just get muddled with it, my heures supplémentaires don’t go in the same box as my normal wages, then I have to calculate how many kms I’ve done to get to work and back ect. And I’ve made a boo boo with my URSAFF declarations so have to sort all that out first ![]()
I’m confused. Livret As are tax free & despite having two of them (& also two tax free LEPs) we’ve never seen any reference to having them or any any figures related to them on our tax return (obviously, we each have one of each).
Ah - you are quite right of course, Livret As are tax free but if you go over their maximum holding, the interest on the extra amount is taxable. My Livret A won’t permit me to go over the maximum but my partner’s does and the rate of interest is far higher than a Livret Ordinaire or whatever the bog-standard non-tax-free savings account is. I have one of those as well so the banks report the amounts to the fisc and the form comes pre-filled with those amounts in.
I’m sure that is not the case. We both have Livret As that are maxed out, but have never been taxed on the interest. They are with different banks too.
Service Publique says this…
I’m sorry, but it is. I have the maximum possible holding in a Livret A and of course am not taxed. My partner spoke to his bank about savings and they allowed him to put more than the maximum into his Livret A. The maximum tax-free amount being exceeded, he is taxed on any interest earned on the excess but not,of course, on the “maximum” allowed by the State for tax-free earnings.
The excess is known as a “Depassement” and is separately listed and dealt with.
To me that means it might be shown under his Livret A, but it is not actually within the envelope of a Livret A so is taxed.
We hit the max, and the interest accrued takes us over the max and it is not taxed.
Big difference between adding to go over limit, and this happening by normal reproduction.
Not according to this article.
If anyone is thinking of doing their return online for the first time, they might find the following helpful. One is a series of screenshots showing how you fill our your return, that was co-prepared a few years back by a distinguished former member. It’s obviously a little dated but it does help with familiarisation of what to expect.
HOW TO DECLARE YOUR TAX ONLINE-min.pdf (2.9 MB)
The other is the latest ’ simulateur’ from the Impôts site, which allows you to model your income and see what the liability is. I’d use the ‘simplifiee’ version…it also helps familiarise you with what the declaration looks like online, albeit the simulateur does not show the various annexes, since it’s only concerned with producing the tax liability. The nice thing about using it is that you can’t do any damage - you can’t by mistake file it with the Impôts, or accidentally launch a missile (!) by playing around with it.
Absolutely right @JaneJones - that is what has happened to my partner - it’s fine though because he has the full amount allowed, plus growth of course, all tax free and it’s only the added on extra that is taxed. Totally legit and within the tax-free rules.
