In principle, where a service is rendered, VAT is due when the price or advance is paid. The Paris Administrative Court of Appeals has ruled on June 22, 1995, that VAT was immediately due during a transfer of invoices corresponding to services rendered. Indeed, the company which transfers its invoices should be considered as having cashed the price of the service at the date of transfer of the invoices. However, in certain situations, the due date is fixed at the moment of actual payment of its debt by the client (factoring and discounting of notes).
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought for your specific circumstances. For additional information contact Claire Acard on +33 (1) 55 61 10 10 or enter text search: "ARCHIBALD ANDERSEN Profile". The members of ARCHIBALD ANDERSEN Association d'Avocats (S.G. Archibald and Arthur Andersen International) are registered with the Hauts-de-Seine Bar.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought for your specific circumstances. For additional information contact Claire Acard on +33 (1) 55 61 10 10 or enter text search: "ARCHIBALD ANDERSEN Profile". The members of ARCHIBALD ANDERSEN Association d'Avocats (S.G. Archibald and Arthur Andersen International) are registered with the Hauts-de-Seine Bar.
