In recent days, the Inland Revenue has provided an important clarification on the right to the 1000 euro bonus in May recognized thanks to the Relaunch Decree for professionals and collaborators registered with the INPS Separate Management. He stated, in circular 25 / E 2020, that the calculation for the verification of the loss of income must be made on the basis of the expenses incurred and not on a flat-rate basis also for professionals who adopt the flat-rate accounting system.
In particular, for the May INPS bonus (increased to one thousand euros compared to March and April) the requirement of a reduction of at least 33% of the income (cash principle) of the 2nd two-month period (March and April) 2020, compared to income of the 2nd two months (March and April) 2019
See the article for more details “Covid May indemnity calculation of income also for flat rates”
The news is not insignificant also because logically it must necessarily also be applied to professionals on a flat-rate basis cd. Ordinary or registered not in the separate management but in the professional pension funds. Among other things, the Banks have already begun to accept applications and to disburse the May tranche but only with the August decree have they seen the confirmation of the necessary appropriations by the Government.
Once again, a short circuit between legislation and practice could force the professional funds to review the authorizations or denials of the May bonuses but it is not known whether retroactive requests will be possible for professionals on a flat-rate basis who are entitled, on the basis of the new calculations, or cancellations and refunds of what has already been paid for those who do not meet the requirements.
It should also be pointed out that the deadline for the request is approaching, even if necessary only for those who had not already benefited from the previous bonuses of March and April.
The deadline is in fact set for 14 September. It will therefore be necessary for the professionals to follow the instructions of their home fund for the management of any re-examination. The Fondazione Studi dei Consulenti del Lavoro also spoke on the matter yesterday, openly contesting the interpretation of the Agency with a detailed regulatory analysis and asking for ministerial clarification. (More information is attached at the bottom of the article)
We summarize below the procedures and requirements updated with the August Decree.
Freelancers can apply for a May bonus to their respective Funds by 14 September 2020, in the manner indicated on the respective institutional websites. they do not have a direct pension or an employment relationship indefinitely who are in one of these 2 conditions:
- registered in the social security funds of the orders prior to 1 January 2019 that:
- in the tax year 2018 have obtained a professional income not exceeding 35,000 euros whose activity has been limited by the restrictive measures issued as a result of the epidemiological emergency from COVID-19;OR
- in the tax year 2018 have obtained a professional income between € 35,000 and € 50,000 and have ceased or reduced or suspended their independent or freelance activity as a result of the epidemiological emergency from COVID-19.
(Per cessation of activity means the closure of the VAT number, in the period included between 23 February 2020 and 31 May 2020.
Per reduction or suspension of activity working means a proven reduction of at least 33 per cent in Q1 2020 income, compared to Q1 2019 income. To this end, income is identified according to the cash principle as the difference between income and remuneration received and the expenses incurred in carrying out the activity).
- enrolled during the year 2019 and by 23 February 2020 who claim to have achieved a professional income not exceeding 50,000 euro whose activity has been limited by the restrictive measures issued as a result of the epidemiological emergency from COVID-19.
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