Avis d’ Impot

Understanding Your Tax Return Reply Form ‘Avis D’Impot’

For those who completed and filed their tax returns in May 2019 for the 2018 tax year, you will now be receiving responses from the French Tax Authorities. This document will list the income you received, deduct any allowances, and leave you with a net figure to pay if required.

This year has also seen the introduction of PAS or Prélèvement à la source (pay-as-you-earn system).

French tax is calculated using a parts system. For example, the nombre de parts (number of parts) in this case is 2, representing 2 adults. If you have children, they also contribute parts, with the number varying based on how many children you have. Additional allowances are available for those who are disabled or over 65, so make sure these details are correct before proceeding further.

Key Sections of Your Avis D’Impot:

1. Income Earned:
   • This shows income earned by each individual, such as salary, pension, or rental income.
2. PFU (Prélèvement Forfaitaire Unique):
   • This corresponds to the flat tax payable on all investment income.
3. Gross Tax:
   • This shows the gross amount of tax before any allowances are applied.
4. Reductions:
   • These are the reductions that net down your taxable income.
5. Revenue Fiscal de Référence:
   • This is a measure of the household’s resources, used to determine eligibility for social benefits or tax exemptions (such as for those over 65).
6. Régime Micro Enterprise:
   • If applicable, this shows a person who has a régime micro enterprise where tax is payable quarterly based on declarations.

Correcting Errors

If you believe there has been an error on your tax return, you generally have until mid-December to request a correction. Tax experts recommend paying any tax owed first and then asking for a correction to avoid the risk of a fine for non-payment. If you have any doubts, consult a tax professional.

Contact Information

Jennie Poate is a qualified and authorized financial adviser at Beacon Global Wealth Management. She and her team are happy to answer any questions you may have regarding pensions or investments.

For queries, feel free to contact:
Jennie Poate
Beacon Global Wealth Management
Telephone: +44 333 241 6966
Email: enquiries@bgwealthmanagement.net

Disclaimer:
Please note that we are not tax advisors. The above is a sample tax return for illustration purposes only. We cannot be held responsible for any person acting on the information provided in this article.