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Flat Rate Regime 2024: For taxpayers previously included in the minimal regime, the time has come to adopt e-invoicing, after almost two years of exemption (except for specific situations). What is the start date for issuing e-invoices? What are the new changes to expect? Here is a detailed analysis of the most relevant information on this issue.
Flat rate scheme 2024: introduction of electronic invoicing requirement. As of what date?
For taxpayers previously in the minimum regime, 2024 marks a turning point toward electronic invoicing, ending nearly two years of exemption, except for special situations. Until June 2022, flat-rate taxpayers were required to issue electronic invoices only for services rendered to the general government. After that, starting in July 2022, the electronic invoicing requirement was extended to flat-rate taxpayers with 2021 tax period revenues or compensation exceeding 25,000 euros. As of January 1, 2024, however, there will be no more exceptions: regardless of the client and the volume of revenue or compensation, all VAT accounts, even the smallest and those included in the flat-rate regime, will have to proceed with electronic invoicing.
What are the planned changes?
In the 2024 flat-rate regime, with the introduction of mandatory e-invoicing for flat-rate taxpayers, some important changes emerge on the formal side. One of these concerns the numbering of invoices: e-invoices and paper invoices can continue numbering consecutively, but it is essential to ensure uniqueness and the absence of duplication or skips in the numbering of e-invoices (it is recommended to start the year with e-invoice number 1). Another novelty relates to the use of revenue stamps, which effectively replace the VAT payment for flat-rate taxpayers.
In the software used to compile e-invoices, there is a section called "Virtual Stamps." Here, you must select "Yes" to add the virtual revenue stamp. Payment is made according to the stamps used (2 euros each) every three months (May 31, September 30, November 30, February 28 of the following year). If 5,000 euros is not exceeded in the first quarter, payment is postponed until September 30; if 5,000 euros is not exceeded between the first and second quarters, payment is postponed until November 30. Payment of the amount due can be made by F24 form or by current account, using the Revenue Agency's application.