Commercial bill: how to compile it

We mean when we speak of professionals, from a fiscal point of view, the self-employed, how they can be chartered accountants, architects, engineers, and so on.

They receive compensation for their work. The fees are billed and are, in principle, subject to VAT.

The bill professional, yet has some peculiarities compared to the invoice issued by a company. There are two main differences that we find.

The first concerns the time of invoice. The practitioner is required to issue an invoice only upon payment of the fee. In fact, Article 6 of the DPR 633/72 (ie the decree which established and governs the matter of VAT) states that "the provision of services shall be regarded upon payment of the consideration" and is, therefore, This is the moment in which the obligation arises to charge performance.

An exception to this rule is provided, always by Article 6 of Presidential Decree 633/72, in case the customer effects payment of a deposit. The deposit will be invoiced by the professional when it was paid even if the service has not yet been started or completed.

Second difference is insignificant compared to the invoices issued by the companies is the presence of withholding tax on the invoice. The remuneration received by the professional are subject to withholding tax, subject to the assumption that the customer is a private individual.

 

 

Facsimile

The following is a facsimile of an invoice from a professional with pension fund (eg, lawyers, engineers, accountants, architects, etc ...).

Name Name of the issuer invoice

Via ......... n .....

CAP ...... - City .......

VAT .............

Tax Code ..............

Dear .... (client name) ....

Via ......... n .....

CAP ...... - City .......

VAT .............

Plot No ..... / ..... (Year) .......

Date .............................

Professional services related to .................... (Amount A)

Provident Fund ................................. 2% (B = A x 2%)

VAT assessment ........................................... (C = A + B)

20% VAT ................................................... (D = C x 20%)

Amounts excluded (Art. 15 DPR633/72) ................. (E)

Total plot ............................................. (F = C + D + E)

- 20% withholding tax .............................. (G = A x 20%)

Net to pay .............................................. (H = F - G)

 

 

 

Time of issue of the invoice

Article. 6 of Presidential Decree 633/72 establishes what is the time of the transactions, by providing different rules in the case of supply of goods and provision of services.

The professionals carry out, as a rule, the provision of services. The latter shall be regarded as'' s act of the payment.

The invoice must be issued when the service is rendered. Therefore, the issue of an invoice by the professional must be made at the time of payment of the benefit.

It may happen that the payment for the service is made by check. In this case, you might wonder about the time when the transaction is deemed paid and, therefore, must be billed. In particular, we need to understand if the service is to be considered paid when:

• where the trader receives the check

or

• when the professional cash the check or turns it in favor of a third party.

 

This second solution seems more logical. In this sense, it is also expressed in the Tax Court of the degree of Belluno with the judgment n.2331 of 17/11/1988.

 

06/05/2010

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Translated via software

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Source:

Italian version of CercaGeometra.it