Model 730/2021 late, after deadline of September 30th and the Income model to save the taxpayer from sanctions.
The last date to send the tax return is fixed at November 30, 2021, a “natural” term for holders of VAT numbers and which is also of interest employees and retirees who missed the deadline at the end of September with the 730 model.
An opportunity that save from sanctions taxpayers in case of delay in sending the tax declaration, but which involves different rules for what concerns the IRPEF debit and credit adjustments.
Model 730/2021 late, there is time until November 30 to avoid penalties
After the deadline of 30 September 2021 for sending the model 730, it will be possible to remedy the delay sending the Income model, the tax return usually used by VAT holders.
As is known, in fact, although employees and retirees can make use of the simplified declaration, it is always possible to use the Income model, a chance that comes in handy in case of omitted transmission of 730 within the ordinary term.
In this case, the application of penalties for late or omitted submission of the tax return, but the taxpayer will have to deal with the specific rules that characterize the Income model and with the differences compared to the 730 model.
The main advantage of the 730 is represented by the possibility that i personal income tax refunds as well as i tax debts emerged are managed directly by the withholding agent who, depending on the case, pays or withholds the sum from the pay slip of the employee or pensioner.
Compared to what happens for those who use the Income model, they are also decidedly faster times for the payment of tax refunds, which are carried out within one or two months from the date of presentation of the 730 model, according to a specific calendar.
What happens instead in the case of delay in sending the 730/2021 form? The transition to the Income model entails a different management of the adjustment operations, carried out directly by the Revenue Agency and over a longer period.
Late 730 model, long-term reimbursements and payments with F24 for those who send the 2021 Income model
If the 730 model allows you to quickly obtain the reimbursements due and to pay the IRPEF debt in a simplified way, for those who will make use of the Income model within deadline of November 30, 2021 it will be good to keep in mind the differentiated rules provided.
If a credit, the taxpayer can choose whether to obtain the refund by filling in the quadro RX, or use the amount due in compensation.
The refund requested will be provided directly by the Revenue Agency, after the appropriate checks relating to the accrued credit. A procedure that can involve very long waiting times, even longer than a year.
To reduce the wait, the taxpayer is in any case advised to communicate his IBAN to the Revenue Agency, in order to receive the tax refund on the current account.
Not only the personal income tax refunds, but also the procedures in case of tax debt change if the Income model is used instead of the 730 model.
If in the latter case the taxes emerged are withheld in the pay slip, with the exception of workers without a substitute, for those who send the declaration by 30 November 2021, the payment must be made independently, using the model F24.
Model 730 late, penalties after November 30, 2021
What happens in case of failure to send the tax return?
For who forget to send the 730 model later on 30 September and, subsequently, the deadline of November 30, 2021, two possible hypotheses are realized:
It considers itself late the tax return sent with a delay not exceeding 90 days from the expiry and in this case the envisaged sanction is particularly reduced, and in accordance with the provisions of letter c), paragraph 1, article 13 of Legislative Decree no. 472/97, amounts to 25 euros (one tenth of the minimum penalty of 250 euros provided for in the event of omission of the declaration).
If, on the other hand, due taxes emerge, it is also necessary to revise the payments not made.
The tax return is considered omitted if presented with a delay of more than 90 days than the expiration date. In this case, the envisaged sanction varies in relation to the timing of the regularization and considering whether or not taxes are due.
According to the provisions of article 1 of legislative decree no. 471/1997:
- the administrative sanction envisaged goes from 120 to 240 percent of the amount of taxes due, with a minimum of € 250;
- if no taxes are due, the fine from € 250 to € 1,000;
- if the omitted declaration is presented by the taxpayer within the deadline for submitting the declaration relating to the subsequent tax period and, in any case, before the start of any administrative verification activity of which he has had formal knowledge, the administrative sanction is applied 60 to 120 percent of the amount of taxes due, with a minimum of € 200;
- if no taxes are due, the fine from € 150 to € 500. The penalties applicable when no taxes are due can be increased up to double in respect of subjects obliged to keep accounting records.
These are the general rules to keep in mind regarding sanctions in case of sending the Model 730 or the Late Income Model and beyond the deadline of November 30, 2021.