From 2024, the imminent obligation to receive and issue electronic invoices will be supplemented by a new requirement: the transmission of payment data. But which companies will be affected by these measures?
When it comes to electronic invoicing, the countdown began several years ago. In fact, since 2020, companies dealing with the State or local authorities have had to send their invoices electronically via a specially dedicated public platform: Chorus Pro.
From July 2024 for large companies, and progressively until 2026 for others, all entities established in France and subject to VAT will have to choose between Chorus Pro and a certified private dematerialization platform (PDP) to transmit their invoices and/or transaction and payment data.
Who is required to transmit payment data?
There are two types of data transmission, also known as e-reporting.
- Transaction data transmission: this involves transmitting to the tax authorities, via a platform, a summary of daily transactions (formerly known as a Z ticket) for merchants who are not required toissue invoices.
- The transmission of payment data: this involves communicating to the tax authorities, again via a platform, all amounts received, whether partial or full, broken down by VAT rate. This system applies to craftsmen providing services in France and abroad, whether or not they issue invoices to other professionals or to non-taxable persons. It is important to remember that VAT on sales of services is generally due at the time the company receives payment.
However, this obligation is waived if the company opts for the VAT debit system (with the exception of advance payments) or if the transaction gives rise to a reverse charge of VAT.
What data must be transmitted?
The list of data to be provided is defined by decree. The company will be informed via its platform.
We can already anticipate that the main payment data to be transmitted will be as follows:
- the date of collection,
- the amount collected for the service (the various instalments and the balance),
- VAT rates and amounts.
No supplier payment information is required.
E-reporting ensures that all transactions are transmitted to the administration in a secure and timely manner. It is used for commercial transactions not covered by electronic invoicing. The content varies according to the nature of the transaction: B2C, B2B, intra- or extra-Community delivery.
In short, the transmission of transaction data mainly concerns companies selling products to private individuals, such as retail outlets or those doing business with foreign operators. The transmission of payment data, on the other hand, concerns service providers dealing with non-taxable persons (individuals, associations, etc.) or foreign companies.