In June 2022, the Services Division of the Italian Revenue Agency published a Guide on how to use the credit assignment platform.
The purpose of the document is to simplify the taxpayer's use of the system and to facilitate the monitoring of all the steps relating to assignments for a more efficient management of the procedure by the Revenue Agency.
As specified in the introduction by the same Agency, the platform represents exclusively a tool guaranteeing the effectiveness, for tax purposes, of the assignment of the credit, without having any evidence value as to the surety, liquidity and exigibility of the credit, burdening the taxpayer with the burden of documentally proving its existence.
CREDITS SUBJECT TO ASSIGNMENT
Which credits can be managed through the platform?
a) credits deriving from building bonuses (Superbonus, Ecobonus, Sismabonus, facade bonuses, recharging columns, renovations and elimination of architectural barriers), owned by the transferees and suppliers who applied the discount on the invoice;
b) the holiday tax credit enjoyed by accommodation facilities, travel agencies and tour operators having applied discounts to their customers (Article 176 of the Relaunch Decree);
c) the tax credit for aid to economic growth (so-called "ACE credit", Art. 19, Law Decree 73/2021) for individual entrepreneurs and legal entities.
ACCESSING THE PLATFORM
The platform can be accessed after entering the reserved area of the Revenue Agency's website.
Then click on 'Services/Agreements/Credit Transfer Platform'.
Four sections appear on the homepage of the platform:
1. Credit monitoring: allows you to consult the synoptic table of credits according to type and year of reference;
2. Receivables assignment: this shows the receivables that can still be assigned according to legal provisions;
3. Acceptance of receivables/discounts: this section lists receivables awaiting acceptance or rejection (never partial). Acceptance of the transaction is a prerequisite for further assignment of the receivable or offsetting via F24.
The table shows the details of the credit (amount, year, tax code of the assignor) as well as the subsequent assignability options;
4. List of movements: this function shows the history of all assignment notifications made for each individual credit.
Each function has a different configuration, depending on whether the assigned receivable is traceable or non-traceable.
Traceable credits are credits settled by traceable payment instruments, namely:
a) credit card;
b) debit card (ATM card);
c) prepaid card;
d) bank or bank draft;
e) bank transfer.
As a residual measure, any operation allowing the transaction and the identification of the taxpayer is traceable.
It should also be recalled that according to the new anti-fraud measures, as of 1 May 2022, credits must be associated with a unique code, to be communicated on the occasion of each transfer.
According to the nomenclature used by the Guide, credits (both traceable and non-traceable) are divided into four categories:
1. Received credits, i.e. assigned to the user by other parties, or accrued directly by the user.
These may have different stages:
a) pending acceptance;
b) accepted;
c) rejected.
Credits accrued by the user are set as 'accepted' by default;
2. Assigned credits, with an indication of whether the assignment has been accepted;
3. Credits used for offsetting via F24, or contained in F24 forms in the process of being finalised (so-called 'booked' credit).
The use of the credit for offsetting purposes assumes it has been accepted;
4. Residual credits, which are still transferable or can be used for offsetting through F24 forms.
The transferability options (if permitted) are shown next to the individual credit.
CLASSIFICATION OF ASSIGNABLE CREDITS
Based on the various regulatory changes about the matter and the steps that assignments have undergone in the meantime, different assignability regimes coexist:
a) assignable credits to anyone and then twice to qualified parties (banks and financial intermediaries, banking groups, insurance companies);
b) receivables assignable twice to qualified entities;
c) receivables assignable once to qualified entities;
d) receivables assignable several times to anyone;
e) credit claims assignable once to anyone;
f) receivables assignable by banks exclusively to their current account holders;
g) receivables that are no longer assignable due to exhaustion of the circulation cycle.
Do you want to know more details about credit assignment in building bonuses?
Read our article!
