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What to do (and nobody says it) in a few days to the electronic invoice via flat rate VAT numbers

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What to do (and nobody says it) in a few days to the electronic invoice via flat rate VAT numbers
Written by aquitodovale

What should be done a few days before the mandatory electronic invoice with a flat-rate VAT number? There is little time left for the obligation of electronic invoicing also for holders of a flat-rate VAT number but there are still doubts and uncertainties about the new obligation, both in terms of timing and for any limits that could be revised. So let’s see what should be done today before the start of electronic invoicing for flat rate VAT numbers.

  • What to do that few people say just a few days before the electronic invoice obligation, flat rate VAT number
  • Electronic invoicing by flat rate VAT number what changes from 1st July

What to do that few people say just a few days before the electronic invoice obligation, flat rate VAT number

The latest news confirms the requests for an extension of the entry into force of the obligation to issue electronic invoices for holders of a flat-rate VAT number, due to a series of tax problems that could arise for taxpayers as well as a series of major commitments for accountants or other licensed professionals.

For professionals affected by the new obligation to issue electronic invoices and for accountants, July 1st is not an ideal date to kick off the new tax obligation of electronic invoicing, considering that it should start in the middle of the fiscal year, it could create great chaos for the entire tax year considering that part of the invoices would be paper and a part electronic invoices,

The request would be to trigger the obligation of electronic invoicing for flat-rate VAT numbers, the mandatory entry into force next January, so as to start from the beginning of the fiscal year.

Considering that the request for an extension of the entry into force of the electronic invoicing obligation has not yet received an official reply, it is advisable to wait before activating paid services because the extension of the start of the electronic invoicing obligation for flat-rate invoices could actually be approved so in uncertainty it would be more convenient to wait.

Another advice for holders of a flat-rate VAT number for which the electronic invoicing obligation is about to trigger is to take advantage of free trial periods offered by the various operators from July 1st, considering that some operators are launching them now with one, two, three months for free, and not so much for economic savings, but to check which services can be best for their needs and correct functioning.

Electronic invoicing by flat rate VAT number what changes from 1st July

From 1 July, the obligation to issue electronic invoices is also extended to holders of a flat-rate VAT number, so far exempt from electronic invoicing, who benefit from the reduced rate of 15%.

The new obligation applies to those who have a flat rate VAT and earnings between 25 thousand and 65 thousand euros. Holders of a flat-rate VAT number with revenues of up to 25 thousand euros per year remain exempt from the obligation to issue an electronic invoice but only for the next two years, until 31 December 2024. From 2024 onwards, the obligation to issue electronic invoicing will be extended to everyone.

For holders of a flat-rate VAT number for which the obligation to issue an electronic invoice is triggered from July, the invoice must be issued within the month following the one in which the transaction takes place, while usually the invoice is issued within 12 days from the moment the operation is concluded. The deadline for issuing electronic invoices must be respected from the moment in which the obligation is triggered, ie July, and until 30 September.

From 1 October, then, the holders of a flat-rate VAT number will have to issue the invoice by:
12 days in case of immediate invoice;
by the 15th of the following month in the case of deferred invoices.

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