For all subject companies, the frequency of declarations changes depending on the turnover achieved by the company. Explanations:
The real simplified regime:
The company’s turnover must be between € 32,900 and € 236,000 for services and liberal professions; between € 82,200 and € 783,000 for retail and accommodation activities. In addition, the annual amount of VAT payable during the previous year must not exceed € 15,000.
Companies affected by this regime must pay 2 down payments per year (calculated from the previous year) and make only one VAT return per year (unless the amount to be paid is less than € 1,000 per year, no down payment is made. required in this case).
These down payments correspond to the payment of 55% of the total annual amount for the previous financial year in July, then 40% in December.
The annual declaration is made using form CA12. For filing business taxes this is something that you have to take care of.
The real normal regime:
The companies which must apply this regime have a turnover of more than 783,000 Euros for the sale and supply of housing activities, and more than 236,000 Euros for the activities of providing services.
They must provide the tax authorities each month with a declaration (form CA3) and pay the VAT due for the previous month.
In the event that the total annual amount is less than € 4,000, companies subject to the actual normal regime may opt for a quarterly declaration.
The mini-real regime:
Some companies can apply for a mini-real regime: this allows them to be subject to the normal VAT regime (monthly declaration), while benefiting from a simplified income tax regime and streamlined accounts (e.g.: cash accounting, simplified inventory valuations).
As with the real normal regime, companies must provide the tax authorities with a declaration each month (form CA3) and pay the VAT due for the previous month.
In the event that the total annual amount is less than € 4,000, companies subject to the actual normal regime may opt for a quarterly declaration.
Understanding VAT – Companies subject to the real normal regime
VAT recovery, in which cases?
The recovery of paid VAT sums is a real good plan that can solve certain cash flow problems, especially for small businesses in the creation phase. Of course, this only concerns taxable companies and transactions subject to VAT.
How to benefit from a VAT recovery?
First of all, VAT can only be deductible from the moment it appears on supporting documents (invoices, customs documents, etc.). For the company to validate its right to the deduction, the supporting document must provide complete, clear and precise information.