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Deferral of tax and social charges : a bill to be widely under-estimated

Le Figaro With containment, deferrals of expenses are automatically granted to companies. Problem, the payment of the down payment on corporate tax (IS) and th

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Deferral of tax and social charges : a bill to be widely under-estimated
Le Figaro

With containment, deferrals of expenses are automatically granted to companies. Problem, the payment of the down payment on corporate tax (IS) and the payment of social security contributions and employer to the Urssaf fell the..., march 15, with the exception of social charges for enterprises with more than 50 employees who fall in the 5 April, the independent on 21 march and of self-entrepreneurs in the 31 march. Deadlines are very constricted, therefore, or even already past, and a multitude of contact persons for the companies.

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The amount of reports expected by the government is of 6.6 billion is on the IS, which is half of the anticipated revenue over the period. On this point, there are 40,000 applications have already been processed, with 80% of positive responses (either about 32,000 enterprises) to 2 billion euros of payments deferred. It is noted that 20% of businesses have been denied their request for a deferral of taxes because their situation is not considered to be quite degraded.

If there is no estimate for the CVAE (Contribution on the added value of businesses) and the CFE (Contribution foncière des entreprises), the State shall guarantee the product to local authorities. On these two samples, the deferral applies only to companies converted into a monthly basis and could be achieved at maturity, on 15 December.

About the social costs : the report is also of 3 months (15 June, therefore) and is granted automatically without penalty, without supporting evidence for the contributions of sickness, maternity, invalidity and death, old age, family, employment injury and occupational diseases, the contribution solidarity autonomy (CSA), the CSG, the CRDS, the FNAL. Attention, the Urssaf are less flexible than the DGFiP since it is not intended for a refund in case the contributions have already been paid.

On nearly 1.5 million companies with fewer than 50 employees, nearly 510.000 have shifted their payments to a total amount of nearly € 4 billion of the 8.5 billion expected in march. But the 5 April, 13 billion euros must also be paid by companies with more than 50 employees : we do not yet know the amount of reports. Same thing for the self-employed, the deferral of charges will be spread out from April to December, depending on the situation, for 250 million euros.

the initial plan of The government was counting on an effort to cash deferrals of almost 35 billion euros ($12 billion on corporate tax, up to 21.5 on the social charges and 1 billion on the payroll tax). The calculations of carry-forwards expenses are calibrated to stay contribution of 2 months and be competent in 3 or 10 months after the profiles. If the containment required to maintain all or partially in may, for example, the effects of cash would be more important, and could reach 52.5 billion euros.

For the moment, the government considers that these are only reports of expenses and taxes. They will have to be paid for offset by the companies. The impact on the public deficit is for the time being minimized, given in the amended finance act the State assesses the decline to 7.2 billion of revenues not received on the 2020.

Unfortunately, this may be much more if the confinement lasts longer than expected. It may be that the reports of expenses and taxes are on a much longer period of time with the spreading of debt without penalty of 2 years or more. The year 2020 will be heavily impacted in budgetary accounting.

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moreover, a portion of the deferrals of expenses and taxes will be permanently lost to the public revenue. There will be a related to the bankruptcy. But beyond that, for companies the most fragile, decisions have to be made on a case-by-case basis to cancel accrued and deferred income taxes. Are likely to be involved in the firms debt-ridden, having lost 50% of their turnover in the year 2020.

Between all the unknowns, it is not possible to estimate neither the costs 2020 (but also 2021, 2022...) offsets for the public finances, nor the magnitude of cancellations charges. In comparison, Germany is already waiting for officially 33.5 billion euros of cuts to public revenue for this year. In France, given the situation of our public finances, we can also understand that the government does not want to create a call for air by advocating for a cancellation of deferrals of expenses widespread. The small margin of manoeuvre of our countries relative to Germany is all the more glaring.

Le Figaro

The Macronomètre, the observatory of reforms in the government, is a site of the Fondation iFRAP in partnership with Le Figaro. It is a tool dedicated to the assessment of the quinquennium of Emmanuel Macron: econometric evaluation in relation to its electoral programme and announcements of his government. With The Macronomètre, the action of the government is to be marked out of 10 each Wednesday prior to the council of ministers and becomes readable in a single glance. The Macronomètre allows each to make a notice on the holding or not of the promises of the president of the Republic and on the effectiveness of the reforms of the government.

The editorial team conseilleChômage part : "The € 8.5 billion that was initially planned will be clearly not"Coronavirus : 60 hours of work per week in the core areas, good décisionSujetLe Macronomètre35 commentairesbrettmanle 09/04/2020 at 11:55

I'm managing director 60 years of a tpe 4 workers about me if it should last for a few weeks the easiest for me will be a cessation of activity total before they dig my grave I did not go m debt after having eaten my treso more jobs and debt social to follow. not my age

road 66le 08/04/2020 16:33

This surprises you that makes chandeliers that they do not know from
You understand or pass this money crazy

senatuspopulusque gallicusle 08/04/2020 15:37

This virus will be, I hope, at least a happy effect: It will lay a ring, the stomach in this State, obese...

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