I mentioned in a previous post that the government here was about to introduce legislation which forced businesses and those registered for VAT/IVA to make all payments on-line. This legislation was due to come into effect on the 1st October. I also commented that the new requirement would cause problems for many, although not myself. Well, the government has gone and done a small about turn, as I was expecting and the new requirement will now be effective from the 1st January next year, surprise, surprise.
Stop reading, start speaking
Stop translating in your head and start speaking Italian for real with the only audio course that prompt you to speak.
I said that this would not cause problems for me, but I was wrong. To permit this system to work I have to tie a bank account to my IVA registration, otherwise the tax people are going to start wondering why a business spends so much at the supermarket, when the business, my business, is not exactly involved in catering. Solution: Open a new bank account which is only for business stuff. This has a cost and means that I need to manage two bank accounts, which may get fiddly. Keeping everything in one place was quite simple and convenient.
Anyway, I’d better go, I’ve got to go and sign a few documents to complete the opening of the new account. Hey ho, it’s on with life we go…..
