If you opt for a flat VAT system, can you take advantage of home rewards? Here are the three exceptions that allow this
The VAT flat number guarantees various benefits but not house bonuses. But beware of some exceptions.
The house bonus and the fixed rate VAT number are incompatible, in principle. However, there are 3 exceptions that still allow you to take advantage of the advantages.
Some will already know that a file Supported fixed price chart It was introduced a few years ago by law. It provides many simplifications and perks for small businesses. In fact, it is a dedicated tax system, which includes simplifying taxation and accounting for members who have opened one purchase price.
Created to facilitate the introduction of young professionals into the world of work or to support those who already have businesses, the fixed price scheme has undoubted practical advantages. for example. Thanks to it, the member can reduce billing costs, taking into account the reduced tax rate and a reduced percentage of INPS contributions.
However, there are some weaknesses. In fact, today it is no longer possible to discount some services that were previously scalable. One might wonder if this also applies to me Home Bonus: Below, we intend to deepen these issues, to provide a timely response. Is it possible to take advantage of a home bonus when you have a subsidized VAT number? Let’s find out in the course of this article.
Subsidized VAT Number and Home Bonus: Advantages of Flat Rate System
Going immediately to answer the question we have just mentioned, we make it clear that like other facilities provided by law, also in terms of house bonus VAT numbers are penalized in some way. But this is only in general terms, because in certain circumstances it is still possible to take advantage of the advantages of the home for mortgages and renovations, provided for in recent years. We will see him soon
To understand the relationships between them purchase price On the basis of fixed rate and house bonus, it seems appropriate first to provide some general information on the preferred scheme mentioned above.
The subsidized VAT number and the flat rate system are synonymous and refer to the context in which the holder of the p. IVA benefits in the following ways:
- Benefit from the reduced tax rate of 5%, for the first 5 years of new business and then moving to 15%;
- There is a subsidized tax of 15% for those who already have a VAT number and decide to switch from the traditional system to the fixed system;
- annual billing ceiling 65 thousand euros;
- There is no age limit
- Agile and simplified economic management compared to the traditional non-fixed VAT figure.
Hard to reach members of the Facilitated VAT system
It is known that in recent years Government It was intended to foster a dense network of rewards and perks, in light of the social and economic consequences of the pandemic and the recent energy crisis.
Among the tax credits, we have home reward, Or mechanisms to support the renovation or purchase of a home by young people with a mortgage. Also interesting are bonuses aimed at favoring rent in the case of young people with low incomes, or who want to get closer to the workplace. Not only. Homeowners are supported by various tax deductions.
As you can easily see, the home rewards framework is really extensive and therefore it is legitimate to ask about possible relationships or any compatibility with those using the VAT facilitated system.
Well, the point is the following. Bonuses, discounts, structural incentives, and energy efficiency include fairly simple access methods, with a connection on your tax return. However, accessing these tax benefits is more complicated for those with a subsidized VAT number. Why does this happen?
there Facilitated VAT number It implies, as mentioned, many privileges but, as a counterbalance, does not allow deduction of the various expenses that have already been reduced from the bills. For example, house bonus expenses, which cannot be declared in your 730 or which, in any case, do not involve a deduction are included as in the case of a classic VAT number, workers or employees. The same considerations apply to the mortgage deduction.
Reduced VAT number: the three exceptions that allow you to take advantage of household rewards
However, associates with a supported system should not be discouraged. There are three different ways to reach home reward, Or a soft discount for business or for the purchase of the first home.
Here they are in short:
- Be a holder of a VAT number and an employee (second activity with income as an employee subject to IRPEF tax).
- Be the owner of a flat rate VAT number and a rented house. Income generated from renting a property home contributes to personal income tax, such as an employee’s. So there is a possibility to deduct expenses related to various house bonuses.
- To be a holder of a reduced VAT number and to perform incidental services with withholding tax or services with the transfer of copyright. In these cases, the personal income tax deduction contributes, which makes it possible to reach house bonus.
That is why in all three cases expressed, it is possible to make a connection, within the tax return, to obtain deductions through the new rewards.