Applications for grants for companies start today June 15th. The facility is contained in the relaunch decree and concerns business operators, self-employed or agricultural workers, holders of VAT numbers affected by the emergency from Covid-19, whose revenues or fees, in the 2019 tax period, have not exceeded the threshold of 5 million euros and that, in April 2020, they detected a “turnover” or “fees” lower than two thirds of those of April 2019.
Grants, race against time
The funds amount to non-refundable contributions for companies that have had a drop in turnover compared to April 2019 amount to 6.2 billion euros: not a few invite requests to start immediately as they are the Agency disburses the fund as companies enter applications, therefore in case of running out of funds it is easy to assume that there will be a stop to repayments.
Grants, money within 10 days on the account
The non-refundable contributions for SMEs damaged by the coronavirus “will be paid by the Inland Revenue within ten days directly on the bank account of applicants who fall within the parameters set by the legislator “.
This was assured by the director of the Revenue Agency, Ernesto Maria Ruffini. “The procedure we have implemented with Sogei – he explains – will allow you to submit your request online on our website or through the Entratel channel by sending the application already pre-filled from the management software already used by taxpayers and their intermediaries “.
Grants, what are the requirements
The Revenue Agency explains in a circular, signed by the director Ernesto Maria Ruffini, how to access the contribution and what the requirements are. Access is also open at companies engaged in agricultural or commercial activities in the form of a cooperative enterprise and, under certain conditions, illustrated in the practice document, in sprofessional knowledge. The beneficiaries of the contribution may also include subjects who apply the flat-rate regime provided for by Law 190 of 2014. The contribution is also due to those who exercise business or self-employed activity (or is the holder of agricultural income) even if employed or retired, in relation to the activities admitted to the contribution itself.
The contribution also looks to those who started the business from January 1, 2019, for an amount at least equal to the minimum threshold of one thousand euros for individuals and two thousand euros for subjects other than natural persons. The beneficiaries of the contribution also include subjects who have their tax domicile or operational headquarters in the territory of municipalities that were already in a state of emergency for calamitous events on the date of the onset of the pandemic. For these subjects, in fact, given the economic difficulties, it is not necessary to verify the drop in turnover. Basically, in such cases, the Covid-19 non-refundable contribution is due even if, for example, the amount of the turnover and fees of April 2020 were equal to zero. Therefore, in this case the minimum contribution will be due. I am instead excluded taxpayers whose business ceased on the date of submission of the application for access to the contribution.
Non-refundable contributions, methods of use
Those interested in obtaining the contribution must submit, exclusively electronically, an application to the Revenue Agency (here the instructions for doing it), with an indication of the existence of all the requirements, within sixty days from the date of the start of the procedure. In the event of a contribution in excess of € 150,000, the application form must be digitally signed by the applicant and sent exclusively by certified e-mail (Pec).