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TVS replaced by tax on CO2 emissions and tax on emissions of atmospheric pollutants

Published on January 17, 2023 by Pierre Belhache - 3 mins reading time
SMALL BUSINESSES Companies Taxes VAT Procedures

The TVS (tax on company vehicles) is now replaced by the annual tax on CO2 emissions and the annual tax on emissions of atmospheric pollutants. Most of the companies concerned must declare and pay the two taxes due for the year 2022 from this month of January 2023 on the passenger vehicles assigned to their activity.

TVS replaced by two annual taxes

Since January 1, 2022, passenger vehicles used for economic purposes have been subject to two new annual taxes, one based on carbon dioxide emissions and the other on vehicle age.

Initially introduced by the 2022 Finance Act, these were subsequently transferred to the Code of Taxes on Goods and Services (CIBS) by an ordinance of December 22, 2022. Their scope is broader than that of the passenger vehicle tax. Whereas the TVS applied only to companies and assimilated legal entities, the new taxes are payable by companies that assign private vehicles to their business (vehicles owned and/or for which the company pays the expenses incurred by an individual for their acquisition or use). Sole proprietors, however, are not affected.

As for the calculation of taxes on CO2 emissions and atmospheric pollutants, it should be identical to that applied to company car tax. A large number of companies are nevertheless exempt, as a general allowance of 15,000 euros is applied to the total amount of tax due.

Taxes to be paid in January 2023

In 2022, companies subject to the simplified tax regime were required to declare their TVS before January 15 via form 2855-SD, also known as the declaration of passenger cars owned or used by companies subject to a simplified VAT regime during the tax period from January 1, 2021 to December 31, 2021. The others had to complete their declarations in January using form 3310-A-SD.

There are no changes to the method of declaring the two new taxes for the 2022 financial year in 2023. The taxes must be paid between January 16 and January 25, 2023 for companies subject to the standard VAT regime and those not liable for VAT. Companies subject to a simplified tax regime, whose financial year coincides with the calendar year, have until May 3, 2023 to complete the necessary formalities. Form 2855-SD is available on impots.gouv.fr.

Taxpayers can choose from several payment methods:

  • remote payment (possible using appendix n°3310A),
  • bank transfer (mandatory for amounts over €50,000),
  • the check,
  • cash (only if the amount due is less than 300 euros),
  • offset of tax receivables.

It is important to note that for each of the taxes for which they are liable, companies must draw up a summary statement of the vehicles concerned, including those exempted. Technical details involved in setting the rate, the date of registration, the mode of use and the period of use must be indicated. This document may be requested at any time by the tax authorities.