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Thursday 15 April 2021
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The Essential Solutions for the Tax Calculation

The Essential Solutions for the Tax Calculation

The VAT declaration is in the form of a form to be completed. What are the operations to consider completing this declaration? Which of these transactions must be declared?

We invite you to follow the following steps in order to succeed in your VAT declaration mission.

Business Creators: Understanding VAT in 9 Questions

To register for VAT, the (liable) company must submit an initial declaration which falls under the tax regime of submission and the VAT rates imposed.

First of all, you must determine which tax regime you are subject to: simplified regime, real normal, mini-real or basic deductible (in the latter case you do not have to make a declaration).

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The Case of the CA12 Declaration

Let’s start with the simplified regime, which requires an annual VAT return on a CA12 form.It must be sent to the tax authorities no later than May 3 for companies that close on December 31, 2016. For companies whose financial year is postponed, they must send it within three months of the closing.

Your declaration must include all of your sales and purchases for the closed financial year that is to say all the VAT that you invoiced to your customers, and that which you paid at the time of your various purchases. Get it all rightly done with the use of the s corp tax calculator.

You also take back the 2 installments paid during the previous year, in box 0018 on page 3 (unless the annual amount you have to pay is less than € 1000, because no deposit is required in this case).

In box III, line 28, you must put your amount of net VAT which corresponds to what you must pay to the Public Treasury, unless of course you are in a situation of VAT credit (deductible VAT greater than the VAT collected).

Depending on the down payments that have been paid, you have an outstanding balance, or on the contrary a VAT credit that can be carried over to the following year or be the subject of a refund request.The last step is to send your return and payment to your tax office.

VAT Deduction Methods

  • Mandatory information on invoices
  • Electronic filing of declarations and summary statements
  • VAT and accounting: basic rules and good practices

Practical Side

Specific exercise workshops for the financial sector and for the non-financial sector, focusing in particular on:

  • How to complete a VAT declaration and a summary statement
  • Practical exercises on specific points

Target Audience

  • finance directors
  • professional accountants
  • internal auditors
  • any professional in charge of operations / filing of VAT returns