Receipts and POS: 220 million more issues in the first eight months of the year

Between January and August the number of receipts issued grew by "around 220 million compared to the same period a year earlier". The obligation to connect cash registers and POS therefore continues to produce results, especially in the summer period in which almost 60 million receipts were issued. This was revealed by Il Sole 24 Ore, which recalls that in the first half of the year there was an increase of 160 million receipts issued.

The receipts connected to the POS reveal 11.8 billion in taxable income in eight months. This is what Il Sole 24 Ore says, highlighting how the obligation to connect cash registers and POS, which came into force at the beginning of the year and has been fully operational since March, continues to bear fruit. In just eight months, between January and August, the number of receipts issued grew by "around 220 million compared to the same period a year earlier", resulting in a taxable amount that reached "11.8 billion".

The growth was particularly driven by the summer, specifically the months of July and August, which brought "almost 60 million more receipts and a further 2.7 billion that emerged". The good results follow the trend that already began in the first half of the year, when, as the business daily recalls, an increase of 160 million receipts issued and 9.1 billion in the tax base that emerged compared to the previous year was recorded.

We must be careful, however, not to confuse the 11.8 billion that emerged from the receipts with an automatic increase in revenue, i.e. the overall revenue that the State collects through taxes or duties. As Il Sole 24 Ore underlines, in fact, the almost 12 million amounts recorded do not correspond to the same amount of taxes recovered. “First of all, the aspects must be distinguished - writes the newspaper - The most immediate one concerns VAT”. If, for example, an average VAT rate of 18% were applied, the bill for the additional value added tax due would be around 2.1 billion". In Italy, however, the tax authorities also consider VAT deductible on purchases and take into account the merchants who adhere to the flat rate regime and who, in this way, do not apply the tax.

Meanwhile, with the Omnibus decree approved at the beginning of August, a tolerance threshold of 5% was decided in cases of discrepancy between the data of the registered fees and accepted electronic payments. A way to protect merchants in the event of small deviations between receipt data and POS data. In the event of repeated violations exceeding 5%, the applicable fine is 100 euros for each transmission but within a maximum limit of 1000 euros per quarter.