PAYE on pensions is a no-go

With the introduction of the new pay-as-you-go (PAYE) tax scheme in France from the beginning of 2019, how does the scheme intend to collect taxes from pension schemes based in the UK? G.A.

Published Modified

The PAYE scheme here in France only works with organisations that are capable of paying the French taxes that are collected to the tax office.

Accordingly, the scheme does not operate for UK income sources.

The tax office will probably instead place people on the monthly tax payment system but, from what we have seen so far, this is not being applied in a blanket manner to all foreigners so whether it will apply at all remains to be seen.

Reader's query answered by Hugh MacDonald

The Connexion welcomes queries and regularly publishes a selection with answers. However, please note that we cannot enter into individual correspondence on money topics. Queries may be edited for length and style. Due to the sensitive nature of topics we do not publish full names or addresses on these pages.

Send your financial query to news@connexionfrance.com

The information here is of a general nature. You should not act or refrain from acting on it without taking professional advice on the specific facts of your case. No liability is accepted in respect of these articles. These articles are intended only as a general guide. Nothing herein constitutes actual financial advice