Bercy hopes to recover 2 billion euros per year

Tighten the cracks in terms of fraud to VAT. This is one of the key objectives of the generalization of electronic invoicing which will be imposed, from 2024 to 2026, on all companies subject to it. A site closely followed by Bercy at a time when the funds are in the red. In the entourage of the Minister of Public Accounts, Gabriel Attal, it is estimated that this reform will make it possible to pocket around 2 billion euros in additional VAT revenue per year. A similar amount to that seen when electronic invoicing was imposed in 2019 in Italy.

Based on consumption, VAT (value added tax) is ultimately paid by the end consumer via companies that play a key role in collecting this tax. Schematically, a company-supplier who sells a product to another company-client collects the VAT which it then pays back to the State. The client company deducts this tax from the tax authorities by asking…