If  your company is active in France, it probably has to comply with a whole range of VAT reporting obligations: filing periodic VAT returns, intra-Community statements, Intrastat, payment of VAT, etc.

All these VAT obligations must be fulfilled within the legal deadlines. In the event of late filing or failure to file, your company automatically exposes itself to financial penalties.

It is therefore certainly better to keep an eye on your VAT calendar. VAT is a complex tax which, if mismanaged, can put a strain on your company's finances.