Pre-filled VAT registers, validation by 31 October 2021: optional or mandatory?

Pre-filled VAT registers, validation by 31 October 2021: optional or mandatory?
Pre-filled VAT registers, validation by 31 October 2021: optional or mandatory?

Pre-filled VAT registers, by 31 October 2021 the validation ol’integration of the drafts prepared by the Revenue Agency.

There comes a first expiration for the operation pre-filled for VAT numbers launched from 1 July 2021, and many are wondering if the validation is optional or mandatory.

The validation of the VAT registers of the Revenue Agency, also as a result of changes and additions, will lead to a series of simplifications and opens the doors to the use of precompiled also in relation to the LIPE and the VAT return.

It will be the taxable person however a choose whether to use it or not.

Pre-filled VAT registers, validation by 31 October 2021: optional or mandatory?

It will not be mandatory use the draft VAT registers of the Revenue Agency.

The taxpayer can choose whether to use it or whether to continue operating in the ordinary manner, thus using the data present in its management software and “ignoring” the quarterly appointment with the validation or integration of the documents on the portal “Invoices and Fees”.

The choice to use i precompiled registers will in any case involve a series of benefits, in terms of simplification of VAT obligations. To illustrate them is the provision of 8 July 2021, with which the Revenue Agency indicated the operating rules for the start of the experimental operation.

The optional validation of pre-filled registers quarterly and by the last day of the month following the reference quarter (the first expiration and the October 31, 2021) or the integration of the data in detail, indicating all the elements provided for by articles 23 and 25 of the VAT DPR, will eliminate the obligation to keep records, which will be carried out by the Revenue Agency.

The obligation to keeping VAT records for those who validate or integrate the quarterly drafts the following will remain, in any case:

  • for all subsequent months in the last validated or supplemented quarter, if the validation or integration of the registers is interrupted during the tax period;
  • for all previous months in the first quarter validated or integrated, if the validation or integration of the registers started during the tax period;
  • outside the cases identified in the previous letters, for the entire tax period, if the validation or integration of the registers started during the year and is stopped before the end of the tax period.

Pre-filled VAT registers, optional validation opens doors to LIPE and annual return

The use of pre-filled VAT registers will not only be the prerequisite for the loss of the obligation to keep, but will also allow the use of additional VAT documents prepared by the Revenue Agency.

For the quarter for which the registers will be validated or integrated, the Revenue Agency will process the draft of the communication of the periodic VAT settlement, the LIPE, taking into account both the information at its disposal and the changes made by the taxpayer.

From the sixth day of the second month following the reference quarter, the form F24 for the payment of VAT emerged from the liquidation of the period.

The precompiled LIPEs will be joined by the annual declaration.

The draft will be prepared only in case of validation or integration of the registers for the entire tax period and, even in this case, any changes or additions made, both to the VAT registers and to the quarterly VAT communications, will be taken into consideration.

The pre-filled VAT return will be made available starting from 10 February of the year following the reference year, alongside the draft of the F24 form for the payment of the tax due.

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