Penalties and interest
The French VAT system contains a number of penalty provisions designed to encourage compliant behaviour from taxpayers. In addition, the penalties are geared towards encouraging taxpayers to take reasonable care in the process of fulfilling their obligations under the VAT system.
The following penalties and interest apply in France:
| Default | Penalty |
| Missing declaration | 10% of the tax due if the tax authority has not issued a formal notice (or €150 if no transactions are to be reported) |
| Late payment: | |
| • less than 30 days after the formal notice to pay has been issued | 5% of the tax |
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