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Opening a business with a VAT number under the flat-rate regime
Summary: A participant opened a discussion about starting a business with a simplified tax regime (partita IVA a regime forfettario). However, no further details or responses were provided in the thread.
Hi everyone, I’m a young craftsman who recently started a small business.
I’d like to open a new professional profile where I can sell the wooden items I make; I have a VAT number under the flat-rate scheme (when I issue an invoice I mark VAT at 0%, when I’m at a fair I issue a fiscal receipt on the spot through the Revenue Agency website).
I’ve read some posts about it but I’d like to ask for confirmation before I end up having serious problems, I’d really like to do things properly...
EXAMPLE:
I sell an item for €6 with €4 shipping, so total €10
let’s say eBay keeps €1 in fees so the “final earnings” are €9
If I understood correctly from reading other posts, I should report the sale within 1 business day,
so I thought I could go about it this way:
- I log in to the Revenue Agency website and create a commercial document (a fiscal receipt) for the item sold.
- I print and put a copy of the fiscal receipt in the package and ship it
Then eBay every month or with each sale (I don’t know) will send me the “bill” for the management fees with 22% VAT, which I would simply pay and that’s it, (being under the flat-rate scheme I’m not entitled to VAT deductions).
Now my big doubts:
- is making a fiscal receipt and putting a copy in the package correct?
- the amount on the fiscal receipt, based on my example, should it be €10 or €9?
If not, how should I proceed?
Thanks in advance, I hope this can also help other people like me who are just starting out 🙂
