Implemented within the framework of the law for a State serving a trusted society (ESSOC) and in order to strengthen the legal security of companies, this new examination raises many questions. A look back at the essential points of this system which is part of the upcoming end of Visa Fiscal.
What is ecf?
The ECF falls within the framework of the right to error provided for in the law of August 10, 2018 for the State in the service of a trusted society.
This new system (ECF) consists of carrying out an audit of your accounting documents (FEC) and tax documents (professional declarations and VAT) in order to guarantee their compliance: audit carried out around 10 points (maximum) depending on the nature of the case.
This audit must allow the professional to correct the errors brought to his attention by the auditor (ANAFAGC).
It must be carried out on October 31 of year N+1 at the latest for professionals whose exercise coincides with the calendar year or within 6 months of filing the tax declaration in other cases.
The ECF is open to all companies, whatever their regime (IS / IR) and tax category BNC (controlled declaration or micro BNC) or BIC (normal real or simplified real), whether their accounts are kept on a IT support or not.
What are the advantages ?
The existence of an ECF must be mentioned on professional tax declarations (2035 – 2031 2065, etc.) in a specifically dedicated box.
This option, a guarantee of your transparency, will be considered by the tax administration as a presumption of good faith and will minimize the risk of control.
Reduction of tax risks
The ECF option will guarantee you enhanced security with regard to your legal obligations via the compliance of the controlled points.
The audit allows the spontaneous correction of errors or omissions in consultation with the auditor. Removal of late payment penalties and interest on audited points Your transparency will be recognized in the event of verification.
The expense incurred for carrying out the ECF will be deductible and will exempt the professional from interest and penalties in the event of a tax audit if the company has taken into account the auditor’s recommendations.
The conclusions of the audited points centralized in the mission report have the value of express mention.
Any anomalies noted during a tax audit may also give rise to reimbursement of the service on the point(s) audited in the event of failure of the auditor.
Reinforced image with partners
The ECF mention on tax declarations will increase the reliability of your accounting and tax documents and will constitute a guarantee of seriousness and transparency in the context of your exchanges (clients, colleagues, banks, etc.).