The march of the new agreed biennial budget it doesn’t even stop during the weekend: on the afternoon of Saturday 15 June the calculation software of the proposalsalthough alone for ISA subjects. The financial administration, in fact, has released the IT programs required by art. 8 of Legislative Decree no. 13/2024, but exclusively for taxpayers subject to synthetic indicators of fiscal reliability.
Instead, as regards the flat-rate taxpayers, the calculation software will be available in mid-July. The release date takes into account the approval of the proposed amendments to the new composition with creditors, which must be approved by the Council of Ministers on 20 June 2024.
Furthermore, the publication in the Official Journal of the ministerial decree accompanying the software. The decree will illustrate the methodologies for developing and calculating the composition proposals for business income and self-employment, as well as for the value of net production for the calculation of IRAP.
For now, therefore, the updated version of the calculation software “Your ISA 2024” It is available for download only for taxpayers subject to ISAs. The new spreadsheet will allow you to determine, in addition to the usual tax assessments, also the proposal for a biennial composition with creditors for the years 2024 and 2025.
Each taxpayer is required to fully complete the ISA form applicable to the 2023 tax period. Afterwards, they will receive proposals for business or self-employment income and the value of net production for 2024-2025.
In addition to completing the ISA form, taxpayers will also need to complete the new one CPB framework. According to the indications useful for its compilation, it constitutes an essential element of the data communication models. In particular, its use is aimed at collection of useful data for the application of synthetic indices of fiscal reliability and is used to declare data relevant to the calculation of the proposed CPB for the 2024 and 2025 tax periods.
The CPB model is intended for subjects who apply ISAs and who intend to accept the composition proposal.
The number of taxpayers ready to fill out the ISA forms and who will receive the composition proposals is particularly high. In fact, according to some data made available by the Department of Finance, we are talking about approximately 2.7 million subjects for the year 2022, with an increase of 13% compared to 2021.
Access to the composition with creditors proposals is subject to compilation of the tables of the 2024 Income model relating to business or self-employment income and, in cases where payment is due, also to the regional tax on productive activities (IRAP).
From the moment each taxpayer receives the settlement proposals, a deadline until October 15th to evaluate them and possibly accept them. However, it is possible that the deadline will be extended until October 31st by the corrective decree.
Taxpayers, however, will have to decide how to act regarding the determination and payment of the first advance payment for 2024, the deadline is set for July 31st, without the 0.40% increase.
At present, if there are no changes, the best choice, to avoid wasting time and, at the same time, reduce the risk of sanctions, should be to pay the first deposit, without an increase, within the aforementioned deadline of 31 July: the the related amount will be calculated on the basis of historical data for 2023. Any recalculations must, however, be postponed to the time of determination of the second advance paymentwhose payment term expires at November 2024.
If the taxpayer decides to accept the settlement proposals, the entire advance payment due for 2024 will be recalculated in November, deducting the amount already paid as the first instalment.
