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The second wave of the pandemic forces more restrictive measures in the Dpcm that the Prime Minister has just signed. Bars and restaurants close after 18:00 from Monday to November 24. According to Fipe-Confcommercio, the announced measures will cost another 2,700 million euros to catering companies. The repeated announcements of early closings have already led to the desertification of the premises and, regardless of the news about the actual opening hours, the restrictions must be accompanied by measures of economic refreshment. At the press conference, Prime Minister Giuseppe Conte explained That the indemnities go to the Official Gazette already on Tuesday: They are ready for the benefit of all those who will be sanctioned by these new regulations. The soft drinks will arrive directly to the checking accounts of the interested parties by bank transfer through the Tax Agency. A new one-time monthly allowance will be offered to intermittent sports, entertainment and seasonal tourism workers, the premier added. The dismissal fund is confirmed, one more month of emergency income and measures to support the agri-food chain. There will be a tax credit for commercial rentals in October and November – he explained – the suspension of the second installment of Imu. Nadef’s accounts at the moment I would say that they are not altered. There is no need to change the public finance framework already approved by Parliament, ‘Conte explained. If we can keep the curve under control, I don’t see any possibility of making any further deviations.
The revenue model
On the website of the Agency headed by Ernesto Maria Ruffini there is already an operational guide for the non-reimbursable grants that were disbursed to companies in May to face the first wave of the pandemic. The premier explained that this scheme will be used, which was useful during the first phase. It should be noted that there is still no operational standard that must be passed to the Council of Ministers and then to the Official Gazette. It will probably be followed by a circular explaining Income. What is known – definitely assuming the scheme proposed in May – that the non-refundable subsidy can be requested by VAT holders who carry out commercial or autonomous activities, such as managers of bars and restaurants. The first requirement, provided for in said decree, was the achievement, in 2019, of an amount of income or fees not exceeding 5 million euros. To obtain the award of the non-refundable grant, at least one of these requirements was necessary: 1) billing amount and fees for the month of April 2020 less than two thirds of the billing amount and fees for April 2019 (this time it will be parameterized the calculation for the months of October and November 2019). 2) The start of the activity from January 1, 2019.
Quantities
The amount of the non-refundable grant in May was determined by applying a different percentage to the difference between the invoice amount and the rates for the month of April 2020 and the same amount for the month of April 2019.The percentages provided were as follows :
1) 20%, if the income and remuneration for the year 2019 are less than or equal to 400,000 euros
2) 15%, if the income and fees for 2019 exceed € 400,000 but not the amount of € 1,000,000
3) 10%, if the income and remuneration for the year 2019 exceed € 1,000,000 but not the amount of € 5,000,000.
4) The recognized contribution in any case for an amount not less than 1,000 euros for individuals and 2,000 euros for individuals who are not individuals.
How to apply
The Tax Agency explained in June that taxpayers could apply for the non-refundable subsidy by submitting an application. Which must contain the tax code of the person requesting the contribution (and their legal representative, in the case of a non-natural person) and the IBAN of the checking account in which to credit the sum. Which must be in the name or joint name of the person requesting the contribution.
