The farmer can request the reimbursement of his VAT credit as long as its amount is at least equal to 150 euros. The refund is requested when filing the annual CA12 VAT return.
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The option for monthly or quarterly filing of declarations
The farmer placed under the simplified VAT regime can opt for the monthly or quarterly filing of his VAT returns (form CA3). This option, valid for 5 years, must be made by registered letter to the tax department. This can in particular allow a farmer to obtain reimbursement of his VAT credit more quickly when the amount thereof is at least equal to 760 euros. Using the taxfyle’s tax calculator happens to be much fruitful in this case.
Farmer closing their accounts on December 31
It takes effect from the 1st day of the current financial year if it is carried out if it is notified before the deadline for filing the annual CA12 VAT return relating to the previous financial year.
Example: a farmer with the simplified VAT regime closes his accounts on December 31 of year N and opts for the monthly filing of VAT returns on January 31 of year N + 1.
It is therefore placed retroactively under the new regime on 1st January of the year N + 1. If he formulates his option after the 2nd business day after the 1st May of the year N + 1, it will only take effect from 1st January of the year N + 2.
Farmer closing during the year with CA12 declaration for the year
It is first of all necessary to denounce the option for filing an annual VAT return based on the accounting year, at least two before the end of the current year.
An insert statement is then deposited for the current period until 31 December at the latest for the 2nd business day after the 1st May of the following year. The operator shall file a monthly statement or quarterly as of 1st January of the following year.
Example: a farmer must submit an annual VAT return for the period from 1st July of year N at 30 June of the year N + 1 of each year. However, it wishes to file a monthly return on or after 1st January of the year N + 1.
To do so it must denounce the option to tax on the exercise before 1 May of the year N, depositing an intermediate report for the period 1st July of year N at 31 December of the year N before 2nd business day following the 1st May N + 1, and submit monthly statements as of January of the year N + 1