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All VAT that consumers pay for catering, accommodation and culture expenses in the first three months of 2021 will be available to be spent in the following quarter in those areas. The confirmation that the program to support and stimulate consumption in these three sectors will have a quarterly logic is contained in the preliminary proposal of State Budgets (OE) for 2021 to which the PUBLIC had access.
However, it is not clear if “IVAucher”, as it is called, will also exist in the second half. The document only says that this program will be created in 2021 and consists “of a mechanism that allows the final consumer to accumulate the value corresponding to the total VAT incurred in consumption in the accommodation, culture and restaurant sectors, during a quarter, and use that value, during the following quarter, in the consumption of those same sectors ”.
Since Easter Sunday will be celebrated on April 4 next year, this holiday season will be the first time that consumers will be able to use accumulated credits. The use of the value in question, says the document prepared by the Government, “is carried out through immediate discount on consumption, which assumes the character of co-participation”, through interbank compensation.
The Minister of Economy, Pedro Siza Vieira, has already defended that, with this measure, there will be a certain demand in these sectors “that otherwise would not exist.”
For example, a meal of 24 euros, always with a rate of 13% (if the drink is a soft drink or alcohol, these are already taxed at 23%), will result in a credit of 3.12 euros.
The assembly of the system to be used is being coordinated with SIBS, the entity that manages the ATM network. According to the executive, the public procurement procedures related to the implementation of this mechanism “are exempt from prior inspection by the Court of Accounts.” Outside of this stimulus, people who don’t have a bank account and their respective cards seem to stick around.
From a procedural point of view, it will be necessary to request invoices with a taxpayer number and adhere to a platform, which implies “prior free, specific, informed and explicit consent regarding the treatment and communication of the data necessary for its operation, in compliance with the legislation applicable to the protection of personal data ”.
Neither the tax authorities, the Government guarantees, will have access to people’s bank details, “with the exception of the processing strictly necessary to present to the consumer the movements and balances of the use of the benefit in the AT channels”, nor the entities in charge of processing of electronic payments. you will access the tax data, in addition to those related to the calculation of the funds in question.
To Lusa, the Secretary of State for Tourism, Rita Marques, warned that the platform that is being created for this purpose may not be operational when the EO comes into force, but that, if so, there will be a framework. retroactive.
As the PUBLIC has already reported, the Government plans to allocate a budget of 200 million euros to finance this measure (which is equivalent to 1.1% of the VAT charged last year). VAT in the catering sector reached 23%, but in the previous legislature, in 2016, the executive led by António Costa lowered the intermediate rate of 13%.
The VAT amounts used cannot be used for the deduction at the IRS. According to the preliminary version of the proposal, “the VAT that, in the terms of the previous number, is used in the calculation of the amount of the contribution”.
In the first case, it is the deduction of the general expenses of the family, and in the second case, the deduction by invoice requirement, allowing to deduct 15% of the VAT incurred by any member of the household, with the global limit of 250 euros, in a small universe of sectors such as accommodation, restaurants and the like.
