The 2019 was the year of introduction, in massive form, of electronic invoicing. Undoubtedly, there has been some difficulty, especially in the first period, as is normal when a major novelty is introduced. By now, however, electronic invoicing has become a commonly used tool and companies have become more familiar with the system.
Everything must be read in a more general framework of tax expiration that follow one another. In August, in particular, there will be the closing of VAT in the second quarter of 2019 (logically, only for companies that do not pay VAT on a monthly basis). This is the second quarterly VAT settlement which is dealt with by electronic invoicing and the objective is to determine, for each company, the possible VAT payable by the 20th of the month.
The increase in the use of electronic invoicing systems would also be confirmed by some statistical data, which would show that, to date, more than 1.1 billion electronic invoices or related documents have transited, a clear sign that the numbers are growing compared to the initial phase of the year.
Furthermore, we left the first half of the year where, in order to allow operators to get used to the electronic invoicing system and to have more time to resolve any difficulties related to the novelty, longer times were granted for the issue of invoices. From 1 July, however, times have shrunk, so companies have been forced to press the accelerator.
After the closing of the second quarter VAT, the fulfillment of the VAT Settlement Communication will follow , with which it will be necessary to transmit to the Revenue Agency the data relating to the calculation made to determine the tax payable.
Eyes open, therefore, on the next tax deadlines.