Scrappage installments, what you risk if you don’t respect the deadlines of the agreed extension. Details below.
The quater scrapping is now archived, with the possibility of adhering to this agreed deferral of payments outdated. There is still an opportunity for some taxpayers to take advantage of the ordinary debt rescheduling methods. However, knowing that in this case you will have to pay a fine and interest.
In fact, the cancellation of these payment items is granted exclusively to those who have joined the fiscal peace with the quater scrapping. Remember the payment deadlines for the first installments of this measure. The first two expired already in 2023 and the third in February 2024. However, to facilitate those who were unable to pay on these occasions, afurther extension to 20 March 2024for these first three installments.
Scrappage installments, the consequences of non-payment
Who made the payment by March 20, 2024, can continue to benefit from the benefits provided by continuing with the agreed payments. But what happens to those who have not paid by the March date? The immediate consequence is the forfeiture of the benefits provided by the fiscal peace. But the situation varies depending on the date of the installment payment.
With quater scrapping for debts already paid in installments date prior to July 1, 2022 and then not paid, there are no particular problems. The taxpayer will again be able to benefit from an ordinary installment plan, with payment of penalties and interest. In the case of scrapping quater forfeited for debts already paid in installments date following July 1, 2022 and then not paid, things get complicated.
In such a situation it will not be possible to request a new installment of the debt and you are no longer entitled to the benefits provided by the scrapping quater. So there are two solutions: the first, yes pay everything owed in one lump sum; the second, you don’t pay and you risk it recovery actions by the Revenue Collections Agencysuch as seizure of assets, mortgage, administrative seizure of the vehicle.
So we need to carefully check what our situation is at the moment and find the solution that can be most useful to us to pay off our debt with the Revenue Agency. We advise you to ask for help from an accountant or a Caf to understand what the correct steps are to take and get back in order.
