2023 taxes: what are you at risk if you forgot to declare your income before June 6?

2023 taxes: what are you at risk if you forgot to declare your income before June 6?
2023 taxes: what are you at risk if you forgot to declare your income before June 6?

Since Thursday June 6, 2024, throughout France, it is too late to declare your income on time. In case of forgetting, solutions exist, even if it is difficult to escape penalties.

The last departments concerned by the income declaration had until June 6 to complete the process. Oversight exposes taxpayers to sanctions.

“If you declare your income late, you will have to pay penalties, an increase in your taxes and possibly late payment interest,” installs the Public Service website.

Possible surcharges

The tax administration has set up a system of progressive increase of income tax. In principle, if you complete your declaration after the deadline but before receiving a formal notice, the increase is 10%.

Things then become more complicated: after receipt of the formal notice, the increase is 20%, subject to declaring within 30 days. If applicable, the penalty rate will rise to 40%.

In the event of a so-called activity “occult”, as undeclared or illegal work, an increase of 80% will be imposed on you, without prior notice.

To the increases will be added default interest, set at 0.20% per month.

Good faith and exceptions

It is possible to avoid these increases, subject to proving good faith. By asking for a “graceful discount” at the Ministry of the Economy and hoping to get into the good graces of Bercy. In all cases, it is strongly recommended to demonstrate transparency and responsiveness.

Read also :
2024 taxes: a problem with your tax return? Here are the cases in which you can invoke the right to error

Since 2020, in the absence of declaration, households eligible for automatic declaration do not risk increases. The fact that their income is sent automatically allows them to avoid this, but it is recommended to check them in advance, in order to avoid errors.

However, people affected by wealth tax cannot benefit from this facility.

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