From July 1, VAT holders will have 10 days to send their electronic invoice. Here's the easiest way to avoid running into penalties
Six months after its introduction, the electronic invoice is changing. Nothing sudden and nothing unexpected, but it is still news of great importance for the millions of professionals and companies that since January 1 have been called to say goodbye to the paper invoice. Specifically, both the timing for sending and the penalties provided in case of failure to send will change.
The changes are the result of the entry into force of the amendments to paragraph 2 and paragraph 4 of Article 21 of Presidential Decree No. 633/1972 introduced by Legislative Decree No. 119/2018. The two paragraphs regulate the information to be included within the invoice and the timing of sending it. If in the first six months VAT holders could send the tax document up to the deadline of the periodic VAT settlement, from July 1 the sending must take place within 10 days from the date of the transaction. If you don't comply with the timeframe, or if you don't send any tax documents to the Interchange System, you run the risk of incurring penalties ranging from 250 to 2,500 euros.
How to send an electronic invoice without incurring penalties
The easiest way to comply with the new timeframe for issuing electronic invoices, thus avoiding possible penalties, is to rely on a complete administrative management system that allows you to always have your tax and accounting situation under control.
With Libero SiFattura, for example, you will have all the tools you need to issue electronic invoices within the timeframe required by law and, at the same time, manage the accounting of your company. Characterized by an intuitive user interface and easy to use, Libero SiFattura provides a management-administrative platform complete in every part.
Of course, with Libero SiFattura you can issue and receive all the electronic invoices you want: the system communicates directly with the Interchange System of the Inland Revenue, "intercepting" automatically the tax documents of your suppliers thanks to the Recipient Code. In addition, it automates the sending of recurring invoices; it sends automatic payment reminders; it allows you to view and manage the amounts collected and those yet to be collected; it shows the VAT forecast to know in real time how much you will have to pay; it displays the cash flow to have visibility (also in the future) of the liquidity on your current account based on the invoices issued and received with future due dates.
All you have to do is choose the package that best suits your needs and activate it from the web, with an extremely simple and fast procedure. You can choose between Libero SiFattura Basic, free of charge and complete with all the features necessary to manage the cash flow; Libero SiFattura Lite, which at a cost of 29 euros + VAT for the first year allows you to automate the sending of electronic invoices to customers; Libero SiFattura Pro, which at a cost of 49 euros + VAT for the first year offers multi-user access, sharing the environment with the accountant, creating the first note for the accountant, schedule, statement of account, cash flow and much more.