Superbonus, balance transfer: updated rules, how it works now

Superbonus, balance transfer: updated rules, how it works now

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With publishing provide protection. n. 202205 On June 10, 2022, the Revenue Agency returned to talk about making the alternative option to convert the tax credit in exchange for the right to use the 110% Superbonus and other home bonuses that allow selection.

Specifically, this document formally amends previously envisioned provisions regarding waiver of credit, with special reference to the last provision issued on February 3, 2022.

Again for the same reason, the agency has reported that it has also updated the “credit acceptance/allocation web platform”, which now no longer provides information in line with the new regulations.

So let’s see how the balance transfer option currently works with reference to the use of the 110% Superbonus and other home rewards.

Superbonus, Balance Transfer: Changes from TER . Support

Several changes have been made to the Balance Transfer Regulations in the past period and therefore, it was necessary to publish a new updated clause that could contain all of them and explain them in the best possible way.

As we know, when the alternative options for allocating a credit and debit to invoice for usufruct with Superbonus 110% were made available under the Reboot Ordinance, in Art. 121 It is established that any subject can waive earned credit without restrictions or limitations.

However, after the discovery of numerous frauds associated with the use of the measure, it became necessary to impose rather strict restrictions on the use of credit assignments.

The official changes came with the entry into force of the TER support decree. Initially, with the publication of the Decree-Law, it was established that the tax credit could be transferred “free” only once, after which two more transfers were granted, but only for the benefit of banks, authorized financial intermediaries, subsidiaries of banking groups and insurance companies authorized to operate in Italy.

This discipline was actually modified again when the decree was converted by Law No. 25 dated March 28, 2022. Here it is ascertained that tax credits derived from the exercise of the alternative options (or from the discount on the invoice or from the first transfer), for which the notification of revenue has been sent by May 1, 2022 onwards, cannot be apportioned but was It must be sold entirely.

In this regard, it was clarified that each balance will be “tracked” with the application of a unique code that is determined in subsequent transfers of the first code.

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New concessions with the aid decree: the current discipline

the art. 121 of the Re-launch Ordinance, and thus the system regulating the work of alternative options for sale and discount, was again modified by the last auxiliary decree in Art. 14.

In fact, it has been established here that banks and companies belonging to “supervised” banking groups can, first of all, resort to the fourth assignment of credit in favor of professional private clients with a current account contract.

Then, it was decided instead to give this type of sale to banks and companies without restrictions, effectively eliminating the point that made the “fourth” sale. Learn more here.

This is the discipline currently in place for allocating credits. Therefore, one free transfer and two other “limited” and non-divisible assignments are given to all. Only eligible banks and companies can grant credit without restrictions to professional private clients.

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Use in compensation: the choice must be made

The news, however, did not end here. In fact, the new ruling on June 10 also provides for the replacement of point 5.2, letter a) of the February 3 allotment.

Here it is ascertained that the transferors and the suppliers have to confirm in advance the exercise of the option through the reserved area at the revenue location.

The new provision always provides confirmation to exercise the option, but states that it must be done through the use of the specified Balance Transfer Platform.

It also states that in respect of credits derived from correspondence sent from 1st May, it is necessary to specify in advance the irrevocable option of the fruits in compensation, indicating each annuity.

However, the agency reminds you that if you choose to use offset with F24, it is also possible to take advantage of each outstanding installment by dividing it up into several solutions.

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Superbonus, Home Bonus, Balance Transfer: Points must be clarified

As usual, the numerous innovations made in the area of ​​credit transfer for the Superbonus 110% benefit and other House Bonuses have caused a lot of confusion.

In particular, due to the fact that it has become necessary to follow different regulations and provisions based on the period in which the communication was sent to revenue or in which the tax credit was obtained.

To make it easier to understand the new provisions, the IRS wanted to clarify some key points regarding transfers after the first.

It appears that as of the tenth day of the month following the day on which the Agency receives the notification:

  1. Suppliers who have implemented the invoice discounting option can assign derivative credits to third parties, including banks and financial intermediaries. At this point, people who receive credit can only make one additional transfer in favor of eligible banks and entities. These, in turn, will be able to allocate credit again only to the benefit of eligible banks and entities;
  2. If the connection is sent by February 16, 2022, the first two transfers will be “free”, while the third is only awarded to “eligible” parties. On the other hand, if the submission is made from February 17, the first transfer will be free of charge, while the other two can only be carried out for the benefit of “qualified” persons;
  3. Banks and companies belonging to a supervised banking group can always proceed with the transfer of tax credit in favor of their professional private clients who have entered into a current account agreement. However, these clients cannot set the balance further;
  4. Contracts of sale that will not comply with the new provisions, according to Art. No. 121 of the Restart Ordinance referred to in Article 28, Paragraph 2 of TER Support, is null and void.

Read also:Telecom discount on invoice and balance transfer: how to fill it out step by step

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