English translation of the new auto-entrepreneur system

The Auto Entrepreneur scheme details are now available in English, having been translated from the French Government site.

English translation of the French auto entrepreneur scheme,

This information will be very useful for those of you with little French, that would like to become self-employed in France.

The scheme was designed to make it easier for self-employed people in France and your tax and social charges will be based on your turnover. You are not allowed to claim any expenses, and the rate or charges will depend on the type of business that you will be running.

There is also a cap on the amount of turnover allowed, which is basically 80.000 Euros for those supplying goods and 32.000 Euros for those supplying services. These amounts are subject to change in the future.

The good point about the scheme is that you will know exactly where you stand tax wise, based only on your turnover, so it is very simple. There is also no need for an accountant as you will have nothing to claim against.

The amount you will pay will also depend on the type of business that you run, but will be either 20.5% or 23.5%.

From 1st January 2012, auto-entrepreneurs and micro enterprises having opted for the micro-social regime will be liable to a new penalty fee, if they forget to complete their turnover declaration. There is more information about this HERE

(27/01/2012)