VAT declaration, what is it?

The VAT return is the model through which VAT number holders who carry out business, artistic or professional activities, must indicate all active and passive operations concerning the previous tax year. This declaration determines the definitive liquidation of the tax debt or credit.

 

Requirements

 

All VAT number holders who carry out activities are obliged to submit the declaration :

  • business,
  • artistic,
  • professional.

The following are exempt from submission:

  • taxpayers who for the tax year have only registered exempt transactions, as well as those who, having availed themselves of the exemption from invoicing and registration obligations, have only carried out exempt transactions,
  • taxpayers who make use of the flat-rate regime for natural persons carrying out business activities, arts and professions,
  • taxpayers who make use of the advantageous tax regime for young entrepreneurs and mobile workers,
  • agricultural producers exempt from obligations,
  • the operators of the organization of games, entertainment and other similar activities exempt from VAT obligations, who have not opted for the application of VAT in the ordinary ways,
  • sole proprietorships that have rented out the only company and that do not carry out other activities relevant for the purposes of VAT,
  • taxable persons, resident in other member states of the European Community, if they have carried out only non-taxable, exempt, non-taxable transactions or in any case without the obligation to pay the tax during the tax year,
  • subjects who have exercised the option for the application of the provisions on entertainment and show business, exempt from VAT obligations for all income earned in the exercise of commercial activities related to institutional purposes,
  • subjects domiciled or resident outside the European Union, not identified within the Community, who have identified themselves for VAT purposes in the territory of the State for the fulfillment of the obligations relating to telecommunication, tele-broadcasting and electronic services rendered to customers , not taxable persons, domiciled or resident in Italy or in another Member State.

When and how to present it?
Whoever has the obligation to submit the VAT return must know deadlines and delivery methods.

Deadline
The presentation of the VAT form takes place in the period between February 1st and April 30th of the year following the one to which the return refers .

 

 

VAT declaration: how to get it?

 

The only way to deliver the VAT return is to transmit it electronically. Taxpayers have various solutions available to transmit the model.

Taxpayers who choose to contact PWS can be supported in filling in the form and submitting it. PWS is obliged to transmit to the Revenue Agency not only the declarations it has prepared on behalf of the declarant, but also those prepared by the declarant himself for which it has in any case undertaken the commitment to electronic transmission.

“Corrective within the terms”
VAT return If the holder of a VAT number realizes that he has sent an incorrect return before the ordinary deadline of April 30 has expired, he can submit a new corrective form by the same deadline of April 30.

“Supplementary” VAT
return If, on the other hand, the holder of a VAT number realizes that he has sent an incorrect declaration only after the ordinary deadline of April 30, he still has the possibility to send a supplementary declaration by December 31 of the fifth year following the one in question. the VAT return was submitted.