November 29, 2022

Hardwood Paroxysm

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Stop on credit transfer – Corriere.it

There are too many orders and the banks are now solidifying their relationships on building bonus credit. In the days when the news came out that For Superbonus 110%, we’re out of moneyMany customers receive letters and phone calls from their credit institutions informing them that they will no longer be debiting their bills for jobs, especially those related to Superbonus. In the letter that Intesa Sanpaolo sends these days, for example, it was made very clear that the law imposes, on all market operators, a limit on compensation stating that tax credits each year, such as construction operations, cannot exceed the level of taxes and contributions paid by the bank which can actually be compensated. For this reason, the Institute is forced to admit that, for the time being, we cannot proceed with the signing of the balance transfer agreement, nor do we note at all the result of any analyzes carried out by Deloitte (which provides a service of health assessment and completeness of documents).

From Poste to Banco Bpm

But Intesa’s voice is the last to show a real problem. Gi Poste Italiane, for a long time the main operator of the Superbonus market, has long closed the stock market, excluding companies and limiting themselves to accepting credits only from their account holders. According to Il Messaggero, Banco Bpm has also reached the target of 4 billion in gross volumes and will now only continue to purchase tax credits that have already been contracted with customers. The same goes for Unicredit.

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Cna: 33,000 craft companies at risk of bankruptcy

Now, the situation could become disastrous for businesses. According to a study by the news agency Cna, 33,000 craftsmen are at risk of bankruptcy as credits are suspended, with 150,000 jobs lost in the construction sector. Tax credits for companies that have admitted the discount to the invoice and were not monetized by a sale would, again, according to Cna, amount to nearly 2.6 billion euros. “More than 60,000 craft companies find themselves with a tax drawer full of credits but no liquidity and with very serious impacts. 48.6% of the sample spoke of the risk of bankruptcy while 68.4% expected the closure of active construction sites,” the union explains. In order not to be collapsed by non-waiver of credits, nearly one in two firms pays suppliers in arrears, 30.6% defers taxes and fees, and one in five is unable to pay collaborators.

Half of the companies can’t find someone to give up credits

From the analysis of the turnover and the average amount of credits from the Cna survey, it is clear that companies with a turnover of 150 thousand euros have 57 thousand euros of credits in the tax drawer (38.2%). As the volume of business grows, the incidence tends to decrease while remaining large: a company with 750 thousand euros in revenue cuts 200 thousand euros from frozen credits. 47.2% of companies said they did not find nationals willing to receive credit, while 34.4% complained of too long contractual document acceptance periods. As for the allocation of loans, companies in the supply chain mainly turned to banks (63.7%), followed by Poste Italiane (22.6%), then brokerage firms (5.1%). ” The discount on the invoice that the company made to the customer on behalf of the state, relying on Possibility, provided by law, to recover the value of the service through sale to third parties. A very worrying situation should call for an extraordinary intervention by the state in order to avert a very serious economic and social crisis.”

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