Electronic invoicing between private individuals, all the answers to your doubts

The start of electronic invoicing between private individuals is getting closer and closer, but there are still many doubts about what it is and how it works. Here are some clarifications

From January 1, 2019, electronic invoicing has become mandatory also between private individuals: the systems and procedures used until now only by suppliers of the Public Administration must therefore be used by a wide audience of professionals and companies. A reform that concerns over 5 million VAT registered companies in our country and that should bring with it important innovations on the front of tax avoidance and evasion. Despite the fact that it should already be in full swing, there are still many doubts about electronic invoicing between private individuals.

There are several recurring questions about electronic invoicing. There are those who wonder, for example, since when there is electronic invoicing. Or how e-invoicing works and how to do e-invoicing. Not to mention those who still wonder what electronic invoicing is.

What is e-invoicing?

As the name suggests, e-invoicing is the digital version of the old paper invoices we are used to today. Electronic invoicing, therefore, is a system in which the tax document is created, sent and stored in digital format, so as to speed up the practice of sending the invoice to the Inland Revenue and any tax assessments. Obviously, from the moment the electronic invoice obligation comes into force, paper invoices cannot be issued or accepted.

Electronic Invoicing, since when?

As mentioned, the electronic invoice has already been issued by all suppliers of the public administration since April 2015 and, after several postponements, from January 1, 2019 it becomes mandatory also for the issuance of invoices to individuals and companies.

Who will have to issue electronic invoices?

The obligation of electronic invoice is valid for all holders of VAT with the exception of holders of VAT that fall under the so-called "regime of minimum" or "flat rate regime" and "Small agricultural producers".

Electronic invoicing, how does it work?

The whole system of electronic invoicing is based on a software created by the Revenue Agency and called Sistema di Interscambio (SdI).

If you fall into the categories with the obligation to issue and you don't know how to do electronic invoicing, you don't have to worry. The procedure, in fact, has not changed so much since the days of PA invoice and everything goes through the Interchange System. To send electronic invoice you will have four methods available: through the PEC of the professional or business that must issue it, through the web client made available by the Revenue Agency; using an online platform such as SiFattura; with systems based on FTP transfer.

The four options are obviously equivalent: sending through Certified Electronic Mail is convenient both from a practical and economic point of view for individuals.

Platforms such as Libero SiFattura are the most appropriate solution for professionals and small and medium-sized businesses and facilitate the management of the invoice flow thanks to an intuitive interface and easy-to-use tools. With Libero SiFattura you can send and receive electronic invoices from companies and public administration bodies; store them in accordance with the law; issue recurring invoices; automatically send payment reminders; manage and view the collected and outstanding invoices; share the environment with your accountant and much more.

Not to be underestimated, then, is the ability to adapt tools and features of the platform to your needs. Libero SiFattura, in fact, makes modularity its strong point. You can choose between three different packages, characterized by different tools and prices. Starting from the Basic plan, free of charge and with management features ideal for taxpayers in the flat-rate scheme, as it allows you to receive electronic invoices for free; then you go to the Lite plan that, for 19 euros + VAT per year allows you to customize invoices and set up automatic sending through the Interchange System of the Inland Revenue, until you get to the Pro plan, which provides advanced features that automate the management of the invoice flow.