Online tax return is open

[exile]

I have had the same with our tax office. Very helpful and on one occasion, changed my entries to save me a couple hundred Euros tax. Here (07) you can book an appointment on line.

[OTBC]

Mrs OTBC here....

I have a question!

i have a problem !!! i got my 25 % lump sum pension last year, i did not declare it as in the UK it is tax free, so i need to report it this year pronto, how do i report it as in which form, which line etc, i really cannot face going into the tax office again as i know i will get a fine anyway, plus the vast amount of interest they will take off me, can anybody help please before i have a break down.

Thanks in advance!

[exile]

First question:
are your incomes without the lump sum enough to take you into the tax paying region.

If not then the first step is to use some of that lump sum to top up your incomes to the max level before tax is paid. Take this top up amount off the lump sum. Now declare the rest of the lump sum (all of it if you are already tax payers) and declare it for taxation at the flat rate 7.5% in box 2VV.

You may well be called in to explain. I was but having explained that this was a one off income, the tax officer then applied the bit above to reduce my tax. (We were well short of the tax threshold because at the time I had been working in Germany and paid tax there.)

Not sure why you think you will be fined. You received it last year and we are declaring last years income now, so it all looks in order to me.

[OTBC]

Exile,

Thanks for that. I think another visit to the fisc this week is in order!
(Mrs OTBC)

[curtis]

Just finishing off my tax declaration. On the 2047 I have interest from dividends and bank interest to declare.
Every year I never seem to understand it !!
I checked the BH assurance help sheet and it suggests that you declare 17.7 tax paid on the dividends when they have been paid gross for some years.
Is this right?

[elsie]

Yes, that is what 2047 now says.
This dividend taxation declaration has probably been discussed for at least 10 years in different forms. If I remember correctly, the origin of 17.7% was related to 15% dividend which used to be applied to UK share income [85 + (85 x 17.7%) = 100]. The form used to say use 17.7% or a lower figure if that was the tax paid so it was possible to use 0.0% but it has changed and now just says use 17.7%.
But if you tick 2OP to be taxed according to the tax scale (Vous optez pour l’imposition au barème de vos revenus de capitaux mobiliers et gains de cession de valeurs mobilières) rather than the flat tax you do get a 40% abatement (line 222)

[curtis]

Thanks Elsie.
But I am still struggling !
I have ticked 2OP but on the pink form I only have access to section 1,7,8. So I can't see line 222.
Have I ticked or missed something earlier ?

[elsie]

2OP is on the blue form 2042. line 222 is in section 2 REVENUS DES VALEURS ET CAPITAUX MOBILIERS IMPOSABLES EN FRANCE of 2047 where you declare dividends and is the figure carried over to 2042 2DC. This is from the printed version of 2047

Clipboard_05-21-2024_01.jpg

If you aren't seeing section 2, you've not ticked Des revenus des valeurs et capitaux mobiliers imposables en France on the second screen of 2047

Clipboard01.jpg

[curtis]

Many thanks Elsie

[hughnique]

Went up the local impot Thursday afternoon, closed, only open in the mornings. Friday morning returned, few waiting, about an hour later we were called in, very nice lady, evidently OAP government pension is not, it is a state pension, typical bureaucracy, apart from that all done and nothing to pay, except the tax fonciere, I feel sure I have heard of exemptions from that as well.