Fiscal Year in France?

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  • Fiscal Year in France?


Answer #1 | 25/08 2009 09:39
This is from Wikaepedia---just put in fiscal for all the countries--I was looking for France--its the one country I can't find, has a lot of others--Regards. ====== In the United Kingdom,[9] the fiscal year for the purposes of personal taxation and payment of state benefits runs from April 12 to April 5. However the year should run from April 1 to March 31 for the purposes of corporation tax [10] and government financial statements [11] Although United Kingdom corporation tax is charged by reference to the government's financial year, companies can adopt any year as their accounting year: if there is a change in tax rate, the taxable profit is apportioned to financial years on a time basis. The April 5 year end for personal tax and benefits reflects the old ecclesiastical calendar, with New Year falling on March 25 (Lady Day), the difference being accounted for by the eleven days "missed out" when Great Britain converted from the Julian Calendar to the Gregorian Calendar in 1752 (the British tax authorities, and landlords were unwilling to lose 11 days of tax and rent revenue, so under provision 6 (Times of Payment of Rents, Annuities, &c.) of the Calendar (old Style) Act 1750, the 1752–3 tax year was extended by 11 days). From 1753 until 1799, the tax year in Great Britain began on April 5, which was the "old style" new year of March 25. A 12th skipped Julian leap day in 1800 changed its start to April 6. It was not changed when a 13th Julian leap day was skipped in 1900, so the personal tax year in the United Kingdom is still April 6.
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Answer #2 | 24/08 2009 22:38
In France, the fiscal year and the calendar year are the same. Did not know this about the UK. How backwards.
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