Accelerate the fight againstevasionin particular that onVAT: this is the objective of the electronic invoicing obligation that is triggered from tomorrow 1st July for all VAT numbers with revenues in 2021 exceeding 25,000 euros. The obligation concerns both those who are in the flat rate regime and those who are in the old minimums. An audience of 800 thousand taxpayers. The goal is to speed up the recovery of VAT evasion. Heavy fines, starting from 500 euros, are foreseen for those who do not comply.
Tax, from today the obligation of the POS is triggered: penalties for traders and professionals
Initially, from 1 July, the electronic invoice obligation concerns all VAT numbers that in 2021 declared revenues or compensation exceeding 25,000 euros. It therefore includes professionals, micro-enterprises and self-employed on a flat-rate basis (those with revenues or remuneration below 65 thousand euros but above 25,000). The rule also applies to amateur sports associations and third sector entities that have exercised the option for the application of the special regime for VAT purposes of income taxes. Then from January 2024 it will also be the turn of all the others who fall into the category of “micro” VAT numbers, which do not reach 25 thousand euros per year. This is about another million taxpayers.
Pos mandatory, what changes from 30 June?
Heavy fines are foreseen for those who, despite falling within the category of obliged persons, do not comply: from 90 to 180% of the tax (with a minimum of 500 euros) in the event of an omitted, late or incorrect invoice or registration, and from 250 to 2 thousand euros in the event of violations that are not relevant for the purpose of determining income. For the third quarter, from July to September 2022, however, a sort of transition period is envisaged, with longer terms: instead of the 12 days prescribed for the ordinary invoice, the electronic invoice can be loaded within the month following that of execution. of the operation.
HOW TO MAKE THE ELECTRONIC INVOICE
The Revenue Agency offers on its website free of charge a series of services for preparing, transmitting, consulting and storing invoices. it is sufficient to have a PC, a tablet or even a smartphone available to download the software and connect to the Sdi exchange system managed by the Revenue Agency. Alternatively, you can equip yourself with one of the many software offered by private companies, or contact your trusted accountant.
For this year and for the next, paper invoices and VAT numbers can use, which in 2021 declared revenues under 25,000 euros a year. For these subjects, the obligation of electronic invoicing through the Interchange System will in fact start from 1 January 2024. However, it is good to verify that you have the requirements, given that in the case of control the burden of proof falls on the taxpayer. For the purposes of verification, the VAT numbers that in 2021 were already in the flat-rate regime and those that applied the simplified accounting regime must use the cash criterion and, therefore, look at the revenues / remuneration received. The VAT numbers that applied the ordinary regime must find the amount of 25 thousand euros by applying the principle of competence. In the event that several activities are carried out (with different Ateco codes), the sum of the revenues and fees relating to all the activities must be considered. Those who started the business from 1 January 2022, having not achieved revenues / received remuneration in 2021, can still postpone the adoption of the electronic invoice to 2024.
The purpose of electronic invoicing is to provide greater traceability of operations and therefore to more easily discover the tricksters. However, there are also benefits. In particular, the deadline for assessments, which is normally 31 December of the fifth year following the one in which the return was presented, is reduced by two years for all VAT numbers that use electronic invoicing.
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