NEW RULES FOR THE SIMPLIFIED BOOKKEEPING

From 1^st January 2017, the rules for determining the income of the companies with the simplified bookkeeping change.

Sole traders, non-profit organizations and unlimeted companies who have:

• as company object the sale of services and revenues not exceeding 400,000 Euros, or

• as company object the sale of goods (better "other assets") and revenues not exceeding 700,000 Euros

change from the accrual method to the cash method.

If all the firms with the simplified bookkeping opt in the ordinary bookkeeping, which continues to have the accrual tax system regime, or opt in the new "registration" tax regime, will record in a tax-book the revenues received noticing:

a) the amount;

b) the identity, address and the municipality of registered residence of the person making the payment;

c) the details of the invoice or other document issued.

All the firms with the simplified bookkeping will also have to record into another book the payments incurred during the year, taking care of providing the same information as indicated above in b) and c).

Firms, that do not want to switch to the ordinary bookkeeping but do not want to manage the new cash basis, and the related accounting books, can change into the so-called "recordings method." Under this new tax regime (limited to firms with simplified accounting) the income is based on the VAT records (in other words to the recorded invoices) during the year. This option has a three-year bond.

It should however be pointed out that the this ‘simplified cash regime’ is actually a "hybrid" cash regime.

The revenues of the companies in simplifed bookkeeping that remain in the cash regime (from January 2017 this is the natural regime of the firms/companies in simplified regime) consist of:

• cashed issued invoices/receipts,

• normal value of the assets allocated to shareholders or used for purposes that are extraneous to the business,

• dividends,

• interest received in the tax period,

• income from real estate (someone under accrual method otherone under cash method depending on the type of property).

The income will be the difference between these revenues received during the year and the expenses incurred during the same year recorded in the accounting records but not only ...

Also:

• gains,

• contingent assets,

• contingent liabilities,

• depreciation and amortization,

• the provisions for pensions and social security for employees,

• losses of capital goods,

• losses on loans and

• flat-rate deductions provided for specific categories of activities, such as, gas stations and sales agents.

will participate to the income.

Cash regime is useful to pay taxes only on profits that are really achieved (so on cashed revenue and / or paid costs), but the downside is the most detailed accounting and therefore the need to have more information.

Just the time can tell how many firms will remain in the simplified cash accounting.

A bizarre feature of cash regime for firms in a simplified bookkeeping is the fact that the final inventory of 2016 (last year of the scheme on an accrual basis) will be the initial inventory of 2017 (the first year the fiscal cash regime of this article) but final inventory of 2017, being 2017 an year under cash regime, will not be valued in the tax return.

This means that 2017 will close with the initials inventory (‘costs’) and no final inventory (‘incomes’) so the companies with a hight valued inventory, almost certainly, will present tax returns with a loss. Someone can look at this favorably (no taxes due to pay) but someone else could look down on this (the bank will understand that the loss is only due to the change of the accounting method?).

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TERMINI PER L’ACCERTAMENTO DELLE IMPOSTE

Fino al periodo d’imposta relativo al 2015, gli accertamenti per le imposte sui redditi, Iva ed Irap devono essere notificati:

·        Entro il 31 dicembre del quarto anno successivo a quello in cui è stata presentata la dichiarazione dei redditi (in pratica 5 anni dall’anno oggetto di accertamento) oppure

·        Entro il 31 dicembre del quinto anno successivo a quello in cui si sarebbe dovuta presentare la dichiarazione, nei casi di nullità oppure omessa presentazione (in pratica 6 anni dall’anno oggetto di accertamento).

Dal periodo d’imposta in corso alla data del 31 dicembre 2016 in poi, gli accertamenti per le imposte sui redditi, Iva ed Irap devono essere invece notificati:

·        Entro il 31 dicembre del quinto anno successivo a quello in cui è stata presentata la dichiarazione dei redditi (in pratica 6 anni dall’anno oggetto di accertamento) oppure

·        Entro il 31 dicembre del settimo anno successivo a quello in cui si sarebbe dovuta presentare la dichiarazione, nei casi di nullità oppure omessa presentazione (in pratica 8 anni dall’anno oggetto di accertamento).

Sottolineo che per il perfezionamento della notifica per l'ufficio, vale la data di consegna dell'atto all'ufficiale giudiziario o all'ufficio postale, mentre per il destinatario vale la data di ricezione dell'atto.

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THE TERMS FOR THE TAX ASSESSMENT

Until the tax period relative to 2015, the assessments for ‘income tax’, VAT and IRAP must be reported:

• By 31 December of the fourth year following the year in which the tax return has been delivered (basically 5 years from the considered  fiscal year) or

• By 31 December of the fifth year following the year in which the tax return would have to deliver, in cases of invalidity or failure to submit (basically 6 years from the fiscal year).

From the tax year current on 31 December 2016 onwards, the assessments for ‘income tax’, VAT and IRAP must be notified:

By 31 December of the fifth year following the year in which the tax return has been delivered (basically 6 years from the considered  fiscal year) or

• By 31 December of the seventh year following the year in which the tax return would have to deliver, in cases of invalidity or failure to submit (basically 8 years from the fiscal year).

I point out that to complete the notification for the office, It’s important the delivery date of the act, while for the recipient It’s important the date of receipt of the act.

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F24 IN CONTANTI E CARTACEO PER ALCUNI PRIVATI

I pagamenti dei privati da effettuare con il modello F24 sopra i 1.000 euro possono da questo mese essere pagati in contanti se non si usano crediti in compensazione.

In pratica da ora se l’F24 del privato:

·         Ha un saldo a zero deve essere presentato esclusivamente per via telematica;

·         Ha saldo positivo ma sono presenti dei crediti usati in compensazione, si deve presentare la delega di pagamento F24 esclusivamente per via telematica;

·         È senza la presenza di compensazioni, con saldo di qualsiasi importo: può essere presentato in modo cartaceo ad una banca oppure ad uno sportello postale e, se il saldo è inferiore alla soglia di 3.000 euro può anche essere pagato in contanti

Si evidenzia che, per i titolari di partita Iva, invece, nulla cambia rispetto al passato, quindi, per loro, rimane il vincolo generalizzato all’invio telematico.

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F24 PRINTED AND BY CASH FOR SOME INDIVIDUAL

The private payments to be made with the F24 above 1,000 euro may be paid by cash from this month if the individual does not use credits to offset.

Basically from now if the individual’s F24:

• has a zero balance, it should be submitted exclusively online;

• has a positive balance but some credit is used in compensation, it must be submitted only online;

• is without the presence of compensation with the balance of any amount: it can be presented in printed way to a bank or a post office, and if the balance is below the limit of € 3,000 also paid by cash

I have to point out that, for the VAT owners, instead, nothing changes compared to the past, then, for them, the only one way, to use the F24, is online.

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CONSENSO PER INVIO DATI AL STS DA PARTE DI MEDICI, PSICOLOGI ECC..

Dal 14 novembre (2016) le persone che si rivolgono ad un infermiere, radiologo, psicologo, ostetrica, veterinario, ad una parafarmacia o ad un ottico, possono chiedere che le spese sanitarie sostenute non siano comunicate all’Agenzia delle Entrate (comunicazione obbligatoria per la dichiarazione dei redditi “precompilata” - in parte)

Il “No” può essere subito annotato sulla ricevuta o fattura che il professionista deve emettere.

Per le fatture o ricevute precedenti il contribuente deve chiedere che le proprie spese non siano indicate nella dichiarazione dei redditi precompilata chiedendolo al Sistema Tessera Nazionale (STS) oppure alla stessa Agenzia delle Entrate.

Il nuovo modello 730 precompilato sarà quindi teoricamente più completo in quanto saranno presenti, oltre quelle delle  farmacie e dei medici, anche le spese per visite di infermieri, radiologi, psicologi, ostetrici, veterinari, parafarmacie e ottici.

Questi nuovi soggetti dovranno fare molta attenzione alla data del 14 novembre 2016 perché tutti i dati dell’anno 2016 precedenti a questa data dovranno essere obbligatoriamente inviati mentre quelli dal 14 novembre in poi dovranno essere inviati solo se autorizzati dal cliente/paziente.

Per completezza espositiva si deve aggiungere che lo stesso vincolo era scattato a fine settembre per le strutture sanitarie private.

Nulla cambia per i medici che non dovevano inviare i dati al STS se il paziente glielo aveva chiesto già dall’anno scorso.

Vista la delicatezza dell’argomento, si pensi ad esempio agli psicologi, spesso si consiglia, oltre che dirlo personalmente, di esporre un cartello all’ingresso per informare i clienti del nuovo obbligo.

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CONSENT TO PRACTITIONERS, PSYCHOLOGISTS ETC .. TO SEND THE STS DATA

From 14^th  November (2016) who goes to a nurse, radiologist, psychologist, midwife, veterinarian, para-pharmacy or to an optical, may request that the healthcare costs paid are not communicated to the Revenue Agency (communication due to send for the  "precompiled" tax return – partially precompiled tax return).

The "No" can be immediately noted on the receipt or invoice that the professional must issue.

For the invoices or receipts released before 14^th November,  the taxpayers must ask the National Card System (STS) or the Revenue Agency for their own costs are not included in the precompilated tax return.

The new precompiled model 730 will therefore theoretically more complete as the costs of visits of nurses, radiologists, psychologists, obstetricians, veterinarians, pharmacies and opticians will be included, as well as the costs of pharmacies and physicians.

These new ‘subjects’ will have to pay close attention to the date of 14th November 2016 because all the data of the year 2016, prior to this date, will have to be mandatorily sent and the data from 14^th November onwards will have to be sent only if authorized by the client / patient.

For the sake of completeness, it must be added that the same bond was triggered at the end of September for the private health facilities.

Nothing changes for physicians because since last year they didn’t have to send data to the STS if the patient had asked him for it.

In the light of the sensitivity of the issue, consider for example the psychologists, It’s very advised: first of all to say it personally, second of all to display a sign at the entrance to inform customers of the new requirement.

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