Since it was introduced in May 2020 (under the aegis of the Conte II government), the Superbonus has created several problems. Son of a perfectible law, according to the Court of Auditors, it is part of what are called “distortionary measures”, because there is a risk that even those who are not fully entitled to benefit from it and because they are the cause of significant revenue losses .
The Court of Auditors expressed itself in June 2022, already strong in the data according to which, in the period 2020-2021, discounts and sales reached the quota of 38.4 billion euros. The premier Mario Draghi he never hid his disagreement with the Superbonus, even though he avoided repealing it precisely because the damage to citizens would have been enormous.
The assignment of credits
There credit transfer remains a difficult problem to solve. Although in the Aid-bis decree the government has expanded the network of subjects authorized to purchase tax credits, including the corporate customers of the banks themselves, in July construction works were recorded, which were completed at the rate of 28.2 billion euros, with an expense of State estimated at 31 billion total. However, the works that have been admitted are worth a total of 39.8 billion which, for the State, translates into a total expenditure of 43.7 billion euros.
The risk is that existing construction sites do block due to lack of funds and, as regards the yards already stalled for the same reason, the situation can even get worse. Those who have already received part of the credit for the progress of the work, i.e. those sites that have already been completed at 30% or 60%, may not be able to complete the ongoing renovations and have to return what they have received, with the addition of the penalties provided for by the regulations.
A paralyzing situation for citizens, for construction companies and for the modernization of buildings, that is the three specific areas for which the Superbonus was created. It must also be said that this is not new, the instability of the Superbonus infrastructure is well known and the solutions could be just as unstable.
The fears and the costs
The citizen can choose to assign the credit to the construction company and thus obtain one Discount on the cost of the work. In this case, the recipient of the credit can transfer it to an authorized person (including banks, financial companies and insurance companies) who, in turn, can make another transfer of the credit to other authorized parties. If it is a bank this can assign the credit to the network formed by its corporate customers or VAT numbers.
This measure, introduced with the Aid bis decree, enlarges the capacity of the credit transfer but may not be enough. The Inland Revenue also contributed to the uncertainty which, with circular 23 / E of 23 June 2022, underlined the possibility that the subjects involved in the sales network could be considered co-responsible in the case of offenses. Furthermore, the circular does not help to undoubtedly circumscribe the perimeters within which the Superbonus is applicable, especially in relation to the applicant’s income and the cost of the construction works.
Banks want clarity, writes today Corriere della Sera in the print edition, noting that when sales resume, theirs cost will be greater. Faced with an expense of 100 and a credit of 110, the applicant will get 97.46 euros. The 110% Super bonus will then become 97.46% Bonus. This, writes the Courierbased on the data made available by Unioncamere and the Order of Accountants, who speak of an average cost of 11.4% per sale.