Today, Monday 23 July, is the last day for sending the pre-compiled 730 via the Web or for forwarding it via Caf and intermediaries. And with the deadline, the first accounts are also made on the issue of refunds, by the withholding agents, in the event the changes made to the pre-compiled form involve tax credits exceeding 4.000 euros. In general, the refunds arrive automatically on the salary or pension for the month of August but this time the risk of a tightening by the tax authorities could freeze the refunds expected by taxpayers even in cases where the deviation - compared to the pre-compiled form - is particularly conspicuous.
LAST DAY TO SEND THE 730
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According to data from the Consulta dei Caf, reported by Il Sole 24 Ore, last Friday there were already 2,7 million taxpayers who had opted for the do-it-yourself pre-compiled form out of 20 million declarations. This is 300 thousand models more than last year.
And for latecomers? From Tuesday, those who still have to submit the declaration will have to resort to the Income model which expires on 31 October. In this case, however, the automatic refund via the withholding agent – employer or social security institution – is renounced and any excess tax amount must be requested from the Revenue Agency.
Finally, the corrections: whoever wants to correct a declaration already sent will have until 25 October to send the corrective or supplementary 730 to the tax authorities, possible when the integration involves a greater credit for the taxpayer or a lower debt or even when he leaves the tax unchanged ending.
REFUNDS AT RISK IF THE DIFFERENCE IS HIGH
It is precisely in the event of expected refunds that this year the tax authorities, looking for savings to finance the Flat Tax, could become more stingy. In fact, if the 730 form presents a tax credit exceeding 4 thousand euros or introduces changes that involve a significant deviation from the pre-compiled 730, the refund can be triggered by the Revenue Agency - with therefore longer times - and not more than the withholding agent. In fact, it is the need for the tax authorities to carry out checks that determines the risk of a refund block which is usually expected by taxpayers in the month of August. The postponement could be of six months, if it takes place via money order, or it could also take place directly on the bank or postal current account if the amount is higher.
There are two cases that could trigger the prior check on refunds by the administration:
- if the declaration is inconsistent with the criteria identified by provision 127084 of 25 June 2018
- reimbursement requested in excess of 4 thousand euros (article 5, paragraph 3-bis of Legislative Decree 175/2014).
To facilitate the compilation of returns and, therefore, also help to avoid running into the blocking of refunds due to errors, assisted compilation was introduced this year for taxpayers who want to modify their pre-compiled return. For those who have chosen assisted compilation, in fact, only the data added, modified or integrated can in the future be controlled by the Revenue Agency.
