We declare all our gross PAYE income here and also all dividends (if we get any)!.
We paid Social Charges on dividends declared they are (rate may have changed)
CSG 8.2% CRDS 0.50% Prel soc Cont Add Prel Soc. 6.8%
Under certain circumstances they can be interested in sums held. ISF (Wealth tax) which is becoming more of a problem for any persons with overseas investments (or the income from them) and the increasing value of them (especially property in London for example) or the £. Then there is the problem of succession as well. BTW you can deduct your credit card debts off your assets! Oh and when I first bought a property in France in '72 you had to get permission from the bank of England to have an overseas account and pay a premium to take your money overseas. The French are very interested in visits to the Channel Islands and Switzerland. I got grilled by a posse of four fisc on a train from Paris to Lausanne and they had sniffer dogs trained to smell cash. I only had 80 euros on me alas! I don't think that sniffer dogs can smell gold or diamonds though...... . I understand that quite a few Brits have had their collars felt following non declaration of holiday home letting income. One local Brit around here, now departed, got "shopped" by an angry ex GF and ended up with a tax problem. He's now living on a small island in the Pacific.
Try form 3916 (the same one as for foreign bank accounts).
Let me add, for good measure, the official government website page :
a) you should not pay twice to begin with, the tax treaty was made to end that;
b) yes, you should have the tax paid in the UK rebated but it is a nightmare of a battle to get it back;
c) do you mean higher rate state pension or private pension, in the case of the former HMRC should have your French address and not deduct anyway, informing the French authorities instead;
d) it is more complicated if pensions are paid into a UK account then transferred here because the money shows up twice and then you have to explain it very carefully or end up double taxed that way too.
Katy,
Although France and the UK have a bilateral tax agreement to avoid double-taxation within certain limits, the problem is that whether and what your husband declares in France will depend on several things, including whether or not he is sole director/shareholder, whether or not he receives dividends from the UK company, and how much he receives, or whether or not he makes personal withdrawals in lieu of salary, etc. Your husband's UK salary, if he receives one, might also have to be declared here with the French authorities, even if he subscribes to the PAYE scheme, simply because France has become your elected fiscal domicile, and the majority of your affairs (personal, property, etc) are managed in France.
For this kind of question, you should really seek advice from a tax specialist, or failing that, your accountant (if he/she knows anything about that sort of thing, which is pretty rare in my experience).
I am including a link by a notary from 2010, but things have not progressed more liberally since that time, so there are no "free lunches" so to speak :
http://leblogalupus.com/2010/04/27/impots-france-comment-declarer-dividendes-et-revenus-financiers/
The pension was left out when I lived and worked in Monaco.I am now resident in France and am now submitting my 2013 Tax Return. If I declare it I will be taxed twice on the amount, if IO don't I break the law. If I declare it in France can I reclaim the tax paid in the UK on my pension during 2013?
Why on earth would you consider using rates promulgated in one State for paying tax in another?
Whilst they mike think they’d like to, HMRC don’t control the French taxation system.
Or use the HMRC website figure. They do spot date exchange rates and various annual/quarterly average figures on their website at:
| www.hmrc.gov.uk/exrate/european-union.htm |
You have to declare everything here even if paying tax on the company profits in the UK and gross at that, not nett but you can sort it out later which is not a fun game. I resigned a directorship after one bout of that game.
If it is tax deducted then you had better get that sorted out here. You pay the tax here if you are living here and the tax treaty between a number of countries that includes France and the UK (not an EU law, but an interstate treaty) resolves that whereby you pay in one country only. You must declare here whatever.
Great fun but the same the world over I guess.
Anyhow I've ticked the box contrats d'assurance-vie conclus todeclare my tiny UK life policy but can't find a form to provide details... any clues please? thank you.
Why is your UK State pension being taxed in the UK? Are you declared resident in France? Because if so unless your pension is a Govt pension e.g.teacher or armed forces, you should be being taxed in france with a U k tax code of NT like my OH. More info required to answer question
Declaration of non-French bank accounts existed well before the 'Socialists' came to power.
While we are on Tax, does anybody know what I have to do about my UK State Pension (UK tax deducted) and my French Tax Returns?
Well you’ve hit the nail on the head. If you declare they might not notice, if you don’t and you get controlled…
The onus is on you to declare, not for them to ask. So it’s always the declarer who is in the wrong!
Is the risk greater of being controlled if you submit on paper to your local office or if you submit electronically? So many questions…unfortunately I don’t know the answers.
By the way I always add a note saying what rate I am using for my return.
Don't forget your eBay account!
This is why the cash economy continues to grow in France and around the world. In Italy and especially Greece, cash is king and over half the money in the economy never goes through the government.
I hadn't realised that there's a fixed average FX rate, I've always used the rate current for the particular day payments were made into my UK bank account, Paypal etc.when I fill out my quartlerly tax (AE) returns. I'll use this one above for our annual tax returns.
Are you sure (anyone?) that suddenly "admitting" to having a UK and Paypal account doesn't open Pandora's box?
I prefer to be above board and have been careful to include all earnings from whatever source (although I've never been asked for my accounts), and certainly can't afford to be whacked with a fine! Can't afford much of anything right now...
I just phoned my tax office, given the debate. First of all the girl said it was up to me to find it. When I insisted that they have always given me an official rate in the past, she said it isn't written anywhere, that it's an informal rate. She went to see a colleague and came back to tell me that I must use 1.21 (actually, she gave it to me as 0,82490, which calculates out as 1,212).
Yes, it came from the tax office Teresa. Also confirmed by someone on another forum who used the Connexion ‘official’ rate but when he took his forms in to the local impot, they said 'Non!", screwed up the Connexion offering and projected it towards an overflowing waste bin, reapplying the correct 1.21 (same as last year) rate.
Curious thing though. Many people report that they have not been challenged about using a lower or difference rate. I can only surmise from this that they (perhaps rightly) don’t provide an explanation as to how they arrive at the figure in Euros entered on their return (don’t the English just love giving detailed explanations - hoist by their own petard comes to mind lol).