Legal Change: Split Payment for Italy.

Document date: 23/03/2015

Example of the process:

 The supplier issues an invoice to the PA in an electronic way, only with

the addition of this new regulation sentence IVA “VERSAMENTO IVA A
VS CARICO EX DPR 633/72 ART. 17-TER”
 The Public administration should pay directly the IVA debited on the
invoice.
 The supplier closes the customer position, for the IVA amount, reducing
the IVA debit value, to compensate its debit.
 The Public Administration pays (the supplier receives) in the expected
due date, the taxable base amounts.

Example of a possible workaround solution:

Create a new iva code 22% (and more if needed) VERSAMENTO IVA A
VS CARICO EX DPR 633/72 ART. 17-TER”

Create a new GL account for public administration Vat

The supplier registers the invoice in the VAT sales ledger (normally session PA )
and then reverse the IVA debit in accounting.

-> IVA reversal without transfer IVA to government

 Customer invoice PA issued by the supplier with an eventual special

account creation “IVA a debito PA” (Debit VAT PA):

Cliente (customer) Ricavo (revenue) Iva a debito PA (Debit VAT PA)

122 100 22

 In the IVA debit ledger (issued invoice) note down the invoice PA, simply
issue an invoice / receive payment PA, balancing the IVA position:

Cliente Debit VAT PA

22 22
  When the IVA is due, the position will be compensated in order to get
the right amount

PS.: Please note that these are only examples.

How to customize the system:

 Transaction FTXP:

 In SD Pricing procedure:

 You get following result in FI:

 In VAT register you should select “output tax”, with the following
result: