To make it clear, in addition to using the concept map technique, we have divided it into two parts: the present one, which will deal with those who intend to open a new VAT number and those who have just opened it. The second part, on the other hand, will concern those who have an activity consolidated over time and in which we will tell about the loans dedicated to them as well as some solutions both during the crisis phases and, above all, when they have undergone a negative report in some database.
Deal with the role of the trade associations
Loans for the opening of a new VAT number & loan with a newly opened VAT number: is there a difference? Yes! Sure! Especially in the disbursement of public contributions. Attention, because it seems a tongue twister: depending on the case, in order to obtain some financing you do NOT need to have any VAT, for others the VAT number just opened must not have an opening greater than a certain period, for others it must be inactive, that is without movement. On these points we will clarify, but with lots of real examples. It is understood that the aforementioned differences refer to those new VAT numbers that want to be financed through public funds. But we will also deal with the role of the trade associations and the Confidi as well as the problems that a new VAT number has had, open for 1-2 years, when instead we turn to the common banks and financial institutions.
Loans to open a VAT number
In this case the prerequisite is that you do not have any VAT number! These are direct loans for the creation of new activities or small-medium size entrepreneurial start-ups. As of 2020, an example of this is given by the Invitalia Loan of Honor where it provides the requirement of not having any VAT, under penalty of inadmissibility of the application;
Then, Idem for the Resto al Sud financing: in this case, however, and only and exclusively for freelancers (not for self-employed persons and companies), the requirement of the lack of VAT number must be uninterrupted for at least the last year ( 12 months) compared to the date of submission of the application.
Finally, there is another hypothesis of financing to open a new VAT number, but since it concerns the initiative New Zero Rate Companies, we will talk about it later.
Financing with VAT number just opened: in this hypothesis, we already have a VAT number but recently opened.
The basis of the type of funding requested
Again on the basis of the type of funding requested, we have distinct hypotheses: the microcredit for young people up to 29 years of Selfiemployment of Youth Guarantee, which, also in 2020, provides that, in the case of individual companies or even cooperative and professional companies, although the VAT no. exists must not have movements therefore it must be inactive and that the new opening must not exceed 12 months compared to the presentation of the Selfiemployment application.
Another very particular example of 2020 to apply for a loan with a VAT number that has just been opened is that of New Zero Rate Companies aimed only at companies both of capital and of persons (no sole proprietorships) already established: in practice, companies can be already established but not more than a year (12 months) from the submission of the application, and if during the last year, they have handled VAT, they must provide separate accounting.
While, again for the New Zero Rate Companies initiative, if the company is not yet established, there is no need, therefore, to have a VAT number, as long as the new VAT number is opened within 45 days of the occurred admission to subsidies.