In an effort to phase out traditional invoices French Tax Authority has announced that from July 1st, 2024, it will be mandatory for all companies operating in France to comply with electronic invoicing (e-invoicing) and electronic reporting (e-reporting).
To help businesses prepare for the new requirements regarding invoicing, the Tax Authorities have issued Technical Guidance with specifications.
Please read more in order to find out more concerning this topic.
France has announced a mandatory E-invoicing start date
Public
France
Author: Kristina Dosen
Category:
General information
Views:
656
Content accuracy validation date:
19.10.2021
Content accuracy validation time:
12:01h
Content
New requirements aim to reduce VAT fraud and make invoice management easier for companies. However, the rollout plan for the e-invoicing requirements will not affect everyone at the same time. The rollout is linked to the size of the company and will be conducted as follows:
- July 1st, 2024 for large companies
- January 1st, 2025 for small and medium-sized enterprises (SMEs) with a workforce of fewer than 5,000 people and annual sales of less than €1.5 billion or a balance sheet total of less than €2 billion
- January 1st, 2026 for SMEs and very small enterprises (VSEs) with fewer than 250 employees and annual sales of less than €50 million or a balance sheet total of less than €43 million
E-invoicing will be accompanied by new rules on e-reporting, which will include additional information that will need to be sent to the authorities. This reporting obligation will include:
1. The reporting of data concerning business-to-business (B2B) transactions for non-French customers
2. The reporting of data concerning business-to-customer (B2C) transactions for taxable transactions in France
3. The reporting of data concerning purchases from foreign operators (excluding imports)
4. The payment status of invoices for services (for services declared on e-invoices as e-reporting)
The above-mentioned data will have to be sent to the Tax authorities 4 days after the end of the week (for companies subject to the standard reporting scheme) and within 7 days after the end of the month for all other companies.
Non-compliance penalties are also specified by the Tax Authority:
1. Non-compliance with e-invoicing—penalty €15 per invoice, capped at €15,000 per year
2. Non-compliance with e-reporting—penalty €250 per transmission, capped at €45,000 per year
Staying compliant in a changing regulatory environment is extremely difficult for businesses to achieve without using a proper e-invoicing software and compliance solution.
Other news from France
Supermarkets in France will have to display signs warning of "shrinkflation".
Public
France
Author: Kristina Dosen
France
Author: Kristina Dosen
French supermarkets will soon be required to inform shoppers about "shrinkflation," a term for when product sizes decrease but prices don't. This follows government criticism of the practice. A proposed decree, now with the European Commission, would mandate that food retailers in France display notices whenever a product's size is reduced without a corresponding price drop. If adopted, this rule... Read more
New document was uploaded: Digital Product Passport
Author: Kristina Dosen
Do you even know what DPP is? Digital Product Passports (DPP) are set to play a crucial role in the European Union’s commitment to a circular economy. The purpose of this document is to provide you with a necessary overview of the upcoming Digital Product Passport requirements set to be implemented by the European Union. Read more
New document was uploaded: S4F backoffice patch
Author: Kristina Dosen
S4F backoffice patch is intended for users who have already installed S4F backoffice and are intended to update existing installations to latest version. To do so apply only patches that are marked with version number that is newer than your currently installed instance of backoffice. Please make sure to install all available patches sequentially (without skipping). For each patch it is specified for which countries it is released for and with this information and with information from release notes user should prioritize the installation of the patch if S4F Backoffice is used in specified countries. Even though the patch may be prioritized for specified countries please make sure to install all patches sequentially, including the previous ones (if any) even if they are not related to used countries. This package contains instruction, release notes, changelog and software packages required for deployment of this software component. Read more
New document was uploaded: S4F backoffice installer
Author: Kristina Dosen
S4F backoffice installer is intended for users who are installing the software for the first time. Please make sure to obtain latest version of installer and to apply all subsequent patches that are released subsequently. This package contains instruction, release notes, changelog and software packages required for deployment of this software component. This version of the Backoffice installer supports the following countries: Austria, Bulgaria, Croatia, France, Italy, Poland, Portugal, Romania, Slovakia and Slovenia. Read more
New document was uploaded: S4F backoffice patch
Author: Kristina Dosen
S4F backoffice patch is intended for users who have already installed S4F backoffice and are intended to update existing installations to latest version. To do so apply only patches that are marked with version number that is newer than your currently installed instance of backoffice. Please make sure to install all available patches sequentially (without skipping). For each patch it is specified for which countries it is released for and with this information and with information from release notes user should prioritize the installation of the patch if S4F Backoffice is used in specified countries. Even though the patch may be prioritized for specified countries please make sure to install all patches sequentially, including the previous ones (if any) even if they are not related to used countries. This package contains instruction, release notes, changelog and software packages required for deployment of this software component. Please note that this patch contains changes for following country: Croatia. Read more
New document was uploaded: S4F backoffice patch
Author: Kristina Dosen
S4F backoffice patch is intended for users who have already installed S4F backoffice and are intended to update existing installations to latest version. To do so apply only patches that are marked with version number that is newer than your currently installed instance of backoffice. Please make sure to install all available patches sequentially (without skipping). For each patch it is specified for which countries it is released for and with this information and with information from release notes user should prioritize the installation of the patch if S4F Backoffice is used in specified countries. Even though the patch may be prioritized for specified countries please make sure to install all patches sequentially, including the previous ones (if any) even if they are not related to used countries. This package contains instruction, release notes, changelog and software packages required for deployment of this software component. Please note that this patch contains changes for following country: France Read more
New document was uploaded: Decree 2024-266 on e-invoicing in France
France
Author: Kristina Dosen
This document amends the previous regulation on the implementation of e-invoicing and gives further clarity on the operation of the private dematerialization platform (PDP). Read more