All the government tricks on VAT numbers
Do you know why the government is considering changing the way VAT payers pay income taxes? This was revealed in the post by Enrico Zanetti, tax lawyer and former Deputy Minister of Finance
Do you know why the government is considering changing the way VAT numbers pay income taxes from the current system of 2 advance payments based on the previous year's income to a "month by month" or "quarter by month" system. quarter "how does it happen for VAT?
Because, being 2020 an annus horribilis for VAT numbers, the 2021 advances in June and November, calculated on 2020 income, will be very low and the Treasury should wait for the balance of June 2022 to collect.
If, on the other hand, the Treasury begins as early as February 2021 to collect on the provisional income for the month of January 2021 (and so on month after month), the money enters the state coffers (and leaves the pockets of VAT numbers much earlier).
The funny thing is that this operation is not presented in these terms, but as a simplification change for the benefit of VAT numbers, although it is clear to say the least that paying taxes for 12 months or 4 quarters is 12 times or 4 times more expensive. , in administrative terms, that liquidate them only once on an annual basis.
I hope I was simple enough in the exposition to be understood by those who are not VAT-neutral, but above all by those in government and in Parliament who have the opportunity to stop this poisoned meatball dressed as a favor.
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/economia/tutti-i-trucchetti-del-governo-sulle-partite-iva/ on Sat, 22 Aug 2020 06:34:24 +0000.