From 2019 January XNUMX, the electronic invoicing obligation, already envisaged for supplies to the Public Administration, will be extended to private individuals. It means that the e-bill must also be used for exchanges between VAT subjects and for transactions between them and final consumers. But the novelty – introduced with the 2018 Budget Law – it will not concern all VAT numbers: all those that apply the minimum and flat-rate advantages will remain excluded from the electronic invoice obligation. The clarification came on Thursday from the Revenue Agency during the 27th edition of Telefisco, an event organized by the 24 Ore Group.
Let's see briefly what the VAT regimes are and how they work, which next year will guarantee exemption from the obligation of electronic invoicing between private individuals.
THE OLD REGIME OF MINIMAL
The old "minimum" regime, which came into force in 2008, could be adopted until the end of 2015 and is now in force until exhaustion only for those who adhered within the terms. In fact, there is a deadline: you can adhere to the minimum regime for a maximum of 5 years or until you reach 35 years of age. For example, those who joined in 2015 at the age of 50 can use this scheme until 2020, while those who joined the same year but at the age of 25 can stay in until 2025.
The minimum regime was designed for the smallest VAT numbers: those of natural persons who do not generate revenues or receive payments exceeding 30 euros per year.
As far as tax benefits are concerned, the old minimum regime provided for exemption from VAT and IRAP and a substitute tax for Irpef and regional and municipal surcharges with a fixed rate of 5%.
THE FLAT RATE SCHEME
The minimums have been replaced by the flat-rate scheme, which unlike its predecessor does not include deadlines or age limits. In order to adopt it, a series of rather stringent requirements must be met, listed in detail on the website of the Revenue Agency.
Taxpayers who make use of the flat-rate regime are exempt from paying VAT, benefit from tax and accounting simplifications and benefit from social security concessions. In particular, they pay a single substitute tax for Irpef, Irap and regional and municipal surcharges equal to 15%.
For the first five years of activity, however, the rate drops to 5% if the taxpayer has not carried out an artistic, professional or business activity in the previous three years and the new activity does not constitute the continuation of an activity already carried out under form of employment or self-employment other than apprenticeship for the exercise of arts or professions.
