Glossary
Credit noteavoir
A credit note is a document that corrects or cancels an invoice already issued, and refers expressly to that original invoice, as set out in French VAT guidance.
For a correction, the French tax guidance (BOFiP) describes two routes. A corrective invoice cancels and replaces the original invoice, with an express reference to it (BOI-TVA-DECLA-30-20-20-30, § 390). A credit note refers to the original invoice and states the amount excl. VAT of the discount, together with the VAT on it (§ 410).
Discounts, rebates and cash discounts earned are among the mandatory particulars of an invoice (article 242 nonies A, Annex II to the French General Tax Code, point 9). See mandatory invoice particulars.
Sources
See also
- Mandatory invoice particulars Mandatory invoice particulars in France are the details that article 242 nonies A of Annex II to the French General Tax Code requires on every invoice, including an issue date and a unique, sequential and continuous invoice number.
- E-invoicing French mandatory e-invoicing requires VAT-registered businesses to issue and receive business-to-business invoices in a structured format through an approved platform; e-reporting passes the data of other transactions, notably with consumers, to the tax authority.