Pay your taxes and professional fees with Qonto

June 11, 2019 by Lucie Casamitjana

Corporate taxes, property taxes and local contributions, value added tax, URSSAF... The taxes that companies have to pay are diverse, the amounts and the payment periods may vary! In short, I might as well tell you that a hike in the fog is more pleasant…

What if we told you that a simple payment method could make the payment of your business taxes a trip to the tropics? Yes yes yes! Put your raincoat away, we'll explain everything.

SEPA direct debits, and you’ll be more peaceful 😌

There are now several payment methods available to pay a public institution: Direct debits, online payment by credit card, transfers, etc.

SEPA Direct debits are now the norm for paying taxes and contributions, and this is not a surprise! This is the ideal way to put an end to unpleasant surprises and late fees! It is very secure, with it, you can anticipate and spread your payments over time.

How to set up a Direct debit on Qonto?

Direct debits with which you can pay a public institution are generally SEPA B2B Direct Debits (no less!). The payment process consists of signing and putting on Qonto a direct debit mandate, provided by the creditor (here the public institution), authorizing him or her to debit your company's Qonto account.

1- Get the SEPA B2B Direct Debit mandate

The first step is to get the Direct debit mandate that will allow it from the public institution concerned. No need to call or go there! Log into the related public institution website with your regular login information. Most of them allow you to manage your payment methods from your professional space or online profile. You generally have a choice of several payment methods. All you have to choose the Direct debit option, and continue to get your SEPA B2B Direct Debit mandate.

A Direct debit mandate always contains the bank details of your business banking account (account owner, account owner's address, IBAN, BIC). Therefore, you may have to enter them online. If you have a blackout or can no longer get your IBAN back, it is available at any time from the Account section of your Qonto account.

2- Sign the mandate

The Direct debit mandate is an agreement between the public institution and the company. It provides legal legitimacy for the merchant to collect the amounts. Like any agreement, it requires your signature.

🔔 If you don’t, the Direct debit will fail and you'll risk late payments.

3- The rest happens on Qonto!

1- Log in to your Qonto app and go to the Direct debits section and click Add a direct debit.

2- Answer yes to the question "Have you received a SEPA B2B Direct Debit mandate?" 🤗 and then add the collected and signed mandate in the area provided for this purpose.

3- Tell us which public institution it is, provide the information about your merchant on the mandate and choose the recurrence of the direct debits. Two pieces of information are essential at this stage: the RUM code and the ICS.       

☝️ Good to know!

The RUM code is the unique reference code for a mandate. It is provided by the beneficiary of the direct debit and provided with information on the direct debit mandate. It can contain up to 35 characters composed of letters, numbers and special characters.

The ICS is the creditor SEPA identifier. This is a unique reference number that identifies each issuer. It is issued by the country's financial institution (e. g. Banque de France) at the request of the creditor's bank.

If you want to know more about the frequency of Direct debits and the terms of payment by SEPA direct debit: 👉 G

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