Preventive agreement for flat-rate VAT accounts: rules for 2024

The possibility of adhering to the arrangement agreement for flat-tax VAT numbers has been extended: 1.9 million self-employed persons, professionals and sole proprietorships adhering to the flat-rate regime. Following the release of the software that arrived in the evening of Monday 15 July, there is now also the possibility of making the convenience calculations on the choice for the arrangement with the tax authorities (in this case, it will be annual and not biennial as for economic activities subject to the tax report cards) also through RedditiOnline (the application for the 2024 tax return) or by accessing the reserved area of one's own pre-filled declaration. This was announced in a press release issued by the Revenue Agency.

As the Inland Revenue reminds us, for these taxpayers with VAT registration under the flat-rate scheme, it is possible to fill out the LM framework of the model directly through the RedditiOnline service or through the precompiled declaration application to define one's 2024 income and assess whether to join the institute.

It is a different matter, however, for activities that are a little more structured or that do not qualify for the flat-rate scheme and that, being subject to the tax report cards, have instead the channel of the 'Your Isa' software to evaluate the proposed income and the possible convenience of joining. In this case the software has already been available since 15 June.

The Agency also emphasises that the 'condition for adhesion is not to have tax debts referring to the tax period prior to the one to which the proposal refers or to have extinguished, before the deadline to adhere, those of an amount equal to or greater than €5,000 (including interest and penalties)'. Among the advantages is the possibility for taxpayers who opt for the new institute not to be - within defined thresholds - subject to assessments on agreed income.

With the publication of the software, the countdown to accession thus begins. The deadline, which under current legislation is set for 15 October 2024, will be shifted to 31 October 2024 with the corrective decree of the concordat, which, once the parliamentary opinion process has been completed (the Senate Finance Committee has already expressed its opinion by setting conditions to make accession more convenient, while the Finance Committee of the Chamber of Deputies will have to express its opinion very soon), will pass to the Council of Ministers for final approval.