VAT and flat-rate payments, what changes in 2020

6 November 2019 – With the Budget Law 2020 marked Pd-M5s, important news also for the flat rate scheme. All unchanged with regard to the rates, which remain at 5% for new activities and 15% for those already working. And, obviously, the exemption from the obligation to apply VAT on invoices. Not even the rules concerning the tax calculation: the tax base remains the amount of revenue or compensation received during the year, less the percentage of lump sum expenses for the activity carried out.

Instead, the posts for accessing the scheme for those who, in addition to performing their freelance, also have an employee job or enjoy a pension that produces more than € 30,000 gross a year. However, those who have lost their jobs not by their own will, such as those who have concluded a contract, do not fall into disrepute fixed-term employment contract without however obtaining a renewal.

FLAT TAX, WHO IS CUT OUT OFF – Starting from next year, therefore, from January 2020, is excluded from the flat tax who has incurred expenses for more than 20,000 euros gross a year for employees, collaborators or staff and will therefore have to apply the ordinary regime, with the obligation to issue electronic invoices. The same rule applies even if the total cost of capital goods at the end of the previous year exceeds the € 20,000 before depreciation.

For the counts for used goods only for rental, rental and free loan purposes, notes the full value, while the value is reduced by 50% for the goods also used for personal use (excluding any purchased properties from the package).