what to do if you missed the deadline to declare your income?

by time news

2023-06-13 09:48:21

The longer you wait to complete your declaration after the deadline, the greater the late penalties may be. HJBC / stock.adobe.com

It is not yet too late to fulfill its obligations. However, financial penalties are possible.

Since last Thursday, the annual tax declaration period has been officially closed for all French people. It indeed ended for the last area still concerned, the departments numbered from 55 to 974/976, on June 8 at 11:59 p.m. Heads up, did you miss the deadline for your territory? Do not panic, it is not too late to complete your declaration, but penalties are possible.

To limit their amount, overdue taxpayers must hasten to go to their personal space on the site impots.gouv.fr, where the reporting service remains open until June 28. After this date, only a paper declaration, via form number 2042, is possible. On the other hand, for the more than 10 million tax households eligible for the automatic declaration«the absence of filing of declaration is equivalent to declaration“, notes the taxman. If they have no modification to make on their pre-filled declaration, they therefore do not risk any sanction.

For others, time is money. Because the longer you wait to complete your declaration after the deadline, the greater the late penalties can be. If you declare before receiving the formal notice from the tax authorities, your tax could be increased by 10%. Then the amount could increase to 20% in the event of a deposit within 30 days of the formal notice and even 40% if the 30-day period has expired. The financial penalty can also climb to 80% “if the administration discovers that you are carrying out an occult activity (undeclared work or illicit activity), without the need to send you a formal notice“, explains the taxman. This increase is accompanied by late payment interest, amounting to 0.20% of the tax due per month of delay (i.e. 2.4% per year).


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A possible exemption on the grounds of good faith

Note that it is possible to escape these sanctions, provided you are in good faith. A request for “gracious discount” can indeed be sent to the tax authorities, which can relate to all or part of the penalties due. Certain elements may constitutefavorable reasons for the admissibility of the request“, indicates Bercy, citing “a shift in the tax payment period», «an unpredictable loss of income (unemployment)” or “exceptional circumstances (death of the spouse, separation, invalidity) or having caused abnormally high expenses (illness)“. The request must be sent to your tax center (SIP) or to the treasury issuing the payment advice, specifies the Ministry of Economy and Finance.

Another scenario may also arise: you have completed your declaration on time but you realize too late that you have forgotten something or made a mistake. If you realize this before the closing date of the online declaration service, June 28, you can make the corrections without penalty. On the other hand, after this date, it will be necessary to wait for the opening of the online correction service, available from August 2 to December 7. In this case, late payment interest may be applied if the correction leads to an increase in the tax due. If it is the tax authorities who realize your error, you also risk an increase in your tax of at least 10%. For households that still complete a paper declaration, the correction is also possible, either by sending a letter to their tax office, or by filing a new tax return.


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