profit sur le Trésor
English translation: Comments
| 16:16 Jan 11, 2002 |
| French to English translations [PRO] Law/Patents / tax law | |||||||
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|  Selected response from: Nikki Scott-Despaigne Local time: 07:20 | ||||||
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| 4 | taxable profit |
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| 4 | Comments |
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| 4 -1 | The sentence: In a duty-free accounting system, the |
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Answers
10 mins confidence: 
taxable profit Explanation: I believe 1) Trésor here would be the French Revenue Service 2) système de comptabilisation hors taxes = accounting system booking entries net of taxes 3)un profit à réintégrer = profits that must be added back in hth msg |
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1 hr confidence: peer agreement (net): -1
peer agreement (net): -1The sentence: In a duty-free accounting system, the Explanation: profits made to the detriment of the Public Treasury from non-payment of VAT constitutes a profit to be restored/restituted (the manner of restitution is not specified). The title is to the effect of "Profit at the expense of the Public Treasury". Business French |
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1 hr confidence:
Comments Explanation: If you are not subject to VAT, then your accounting is done TTC (inclusive of tax). In your recettes/dépenses bookkeeping for example, everything is noted at the full price you paid for it. You cannot deduct VAT paid on purchases, nor can you charge VAT. However, if you are subject to VAT, your a/c is done "hors tax", you not purchases excl. of tax, the VAT paid being noted separately, just as the VAT you charge clients is noted separately again. Important note : if you did not charge VAT when you were supposed to, and the fisc decided to get snotty about recovering it, then they will consider that the amounts entered in terms of receipts include an element for tax. Thus, if you have billed 1 000 € (without having charged VAT when you really ought to have done) then you will be liable for 19.6% on everything you received, ie you foot the bill for the VAT your should have charged your clients - bad news! You cannot say you made 120 000 € in a year but then say, hang on a minute, although I haven't paid the VAT on it, I ought to have done, so that figure should be 19.6% less. Non, non, no, the taxman will argue that you have in fact had the advantage of that extra money so it is taken into a/c. To this extent, "profiter sur" means that the taxpayer has made a gain at the expense of the taxman - and he never like to be out of pocket. -------------------------------------------------- Note added at 2002-01-12 01:35:52 (GMT) Post-grading -------------------------------------------------- What a fuzzy explanation I gave. I\'m tired! |
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