28 December 2022
From 1 January 2023, VAT will be payable as soon as an advance payment for goods or a deposit is paid within France.
Currently, France states that the VAT is payable only when the chargeable event (the supply) takes place, even if there is a prepayment. In practice, this means that VAT is only payable once the goods are delivered and the ownership is transferred.
However, from January 2023 this will change as VAT will become payable on any advance payments received prior to the delivery of the goods themselves.
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