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mercoledì 21 settembre 2016

SECTOR TESTS GOODBYE! IS IT TRUE?


Probably with the next stability law the sector tests will no longer be filled. This is definitely a good news, the problem is that we’ll have to face the "reliability indicators" (or compliance rating). A question arises: "will Revenue Agency change name and dress of a part of the Tax return without actually changing anything?"
The Revenue Agency will remove the sector test to use a tool that will rate, according to S.O.S.E. and Revenue Agency, the degree of reliability of the VAT-holder taxpayers.
Apparently, the reliability indicators will have as a benchmark for the rate determination: revenues, and you can adjust them in the tax return, and other elements (about this the information is generic). Well! The sector test is different ... no, It isn’t!
The real news will probably lay on the base and on the calculation method of this ‘blessed’ indicator/rate. In fact, the program won’t tell you the minimum revenue, but It will give a rating, from 0 to 10, to the VAT holder saying if he/she is a reliable or unreliable payer.
Getting back to the determination of the reliability of the taxpayer, It seems that, for example:
• the program doesn’t look only revenues but also the added value and business income
• statistical calculations will have as reference time 8 years instead of 1
• Less data will be required (will this be really useful to describe the reliability?)
• There will be a new logarithmic function to calculate the added value per worker
• Revenue Agency will notify the taxpayer the "reliability result" (is It meaning that it says the result after you have submitted your tax return or at the end of completing the return as it does now for the sector tests?)

It’s too early to say whether this change will be very positive (to the taxpayer), for sure a new question arises again: do they replace the sector test with the reliability indicator because the sector test did not represent reality or because many sentences took away power to sector test?

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