Invoicing is an essential step in any professional activity! whether it is the sale of products or the provision of services. Among the different types of invoices ! we find the invoice with VAT ! commonly used! and the invoice without VAT ! specific to certain situations such as the base franchise or exempt activities. In this article! we will focus on the invoice without VAT! its specificities! its legal obligations and the Invoice without linkedin data cases in which it applies.
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In summary:
VAT is a consumption tax ! collected by businesses when they sell goods or services;
Some companies! such as those benefiting from the VAT exemption ! do not apply VAT on their invoices;
This system applies below certain turnover thresholds and must be mentioned on invoices with the words “ VAT not applicable – article 293 B of the CGI ”;
Invoices without VAT must comply with strict rules ! including tongliao phone number list mandatory information and specific mentions;
To ensure the compliance of your invoices! we strongly advise you to turn to invoicing software like Indy.
What is VAT?
Value Added Tax (or VAT) is an indirect tax levied on the consumption of goods and services. It is collected by companies when they sell their products or services and paid to the State. The VAT rate varies depending on the nature of the goods or services concerned:
20% ! the standard rate! applies to most transactions;
10% ! the intermediate rate! concerns in particular the restoration or work in old housing;
5.5% ! the reduced rate! is applicable to certain food products! energy subscriptions or books;
2.1% ! the super-reduced rate! is aimed at very specific products! such as certain medicines.
However! some companies or activities are exempt .