TVA acquittée sur les Encaissements

14:10 Sep 4, 2020
French to English translations [PRO]
Bus/Financial - Business/Commerce (general) / taxation
French term or phrase: TVA acquittée sur les Encaissements
i'm translating a quotation for renovating works.
Elena Trovato
France


Summary of answers provided
4VAT deducted from incomings/revenue
Francois Boye
3VAT payable on goods or services (at the point of sale)
Julie Barber
2VAT payable on customer inpayments
SafeTex


Discussion entries: 3





  

Answers


9 hrs   confidence: Answerer confidence 2/5Answerer confidence 2/5
VAT payable on customer inpayments


Explanation:
it's actually quite hard to translate "encaissements" here as something like "customer deposits" is ambiguous (advance payments). So are other things like "credits" in the sense of when money is credited to a company account or receipts.
Therefore, I'd be interested to see what others make of this and I've only given it a low?


    https://www.thefreedictionary.com/inpayment
SafeTex
France
Local time: 19:21
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 47

Peer comments on this answer (and responses from the answerer)
neutral  Francois Boye: Not quite! 'Encaissement' = cash collected and disbursed . See the definition in French//What is the definition in French?
1 hr
  -> Strange that you confuse "encaissements" with "debits". The French word is not hard to understand
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1 day 1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5
VAT deducted from incomings/revenue


Explanation:
La TVA sur encaissement est exigible au moment où la facture est payée par le client, là où la TVA sur les débits se paie au moment de la livraison des marchandises, c’est-à-dire lors du transfert de propriété des biens.

Source: https://comptabilite.ooreka.fr/astuce/voir/506557/tva-sur-le...

How a Value-Added Tax (VAT) Works

A VAT is levied on the gross margin at each point in the manufacturing-distribution-sales process of an item. The tax is assessed and collected at each stage, in contrast to a sales tax, which is only assessed and paid by the consumer at the very end of the supply chain


Francois Boye
United States
Local time: 13:21
Specializes in field
Native speaker of: Native in FrenchFrench
PRO pts in category: 102
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3 days 17 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
VAT payable on goods or services (at the point of sale)


Explanation:
VAT (Value added tax) is an administrative headache for a lot of people. It’s charged by businesses on goods or services at **the point of sale**, and as it’s a consumption tax, it’s paid by the end customer, rather than the company selling the goods.
https://entrepreneurhandbook.co.uk/understanding-vat/

Définition de la TVA sur encaissement
La TVA sur encaissement est exigible au moment où *la facture est payée par le client*, là où la TVA sur les débits se paie au moment de la livraison des marchandises, c'est-à-dire lors du transfert de propriété des biens.

Dans le cadre d’une prestation de services, il n’y a pas de remise matérielle d’un bien, il n’y a donc pas de transfert de propriété matérialisé par une livraison. Par conséquent, la TVA ne peut être exigible lors d’une éventuelle livraison, seulement **lors de l’encaissement de la facture**.
https://comptabilite.ooreka.fr/astuce/voir/506557/tva-sur-le...

is acquittée paid not deducted
https://www.proz.com/kudoz/french-to-english/bus-financial/3...

VAT paid at the point of sale (which is also the point of payment surely?). Simply sounds like the VAT due for the services provided...I chose "payable" not paid as it's a quote.

Julie Barber
United Kingdom
Local time: 18:21
Specializes in field
Native speaker of: English
PRO pts in category: 166
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