What is Model F24 and what is it for

In collaboration with our partner F2D we tried to better understand what the F24 model is and what it is used for.

The Revenue Agency’s F24 Form is a document that must be used by all taxpayers, both VAT holders and non-holders, for the payment of taxes, fees, contributions and premiums.

It is also called the «unified model» because it allows you to pay the amounts due in a single solution, offsetting with any tax credits.

What do you pay with the F24 model?

The F24 form is used to proceed with the payment of most contributions and taxes to the central or peripheral bodies of the PA, such as:

• Irpef and Ires;
• withholdings on income from work and capital;
• VAT;
• substitute taxes for IRAP and VAT income taxes;
• substitute tax on real estate sales;
• Fatigue;
• excise duties, manufacturing and consumption tax;
• chamber rights;
• television license fee;
• interests;
• Inps, Inail, Enpals, Inpgi contributions and prizes;
• IMU;
• Tarsu/Tari, Tosap/Cosap;
• Inpdap rental fees;
• sanctions

Added to these payments are those of fines resulting from checks on declarations, repentance in the payment of taxes, and judicial settlements. With a specific model it is also possible to pay the excise duties charged to oil companies.

How to fill out the F24 form

The F24 form can be downloaded directly from the Revenue Agency website, in an editable version or

in PDF format. Its structure in both cases is made up of different sections, which can be summarized in 6 main parts:

• Taxpayer: your data must be entered in this field (name, surname, tax code, domicile);

• Co-obligor: in the cases provided, this section is filled in by entering a specific identification code, in addition to the tax code of the heir, guardian or parent.

• Tax codes: identify the type of tax to be paid;

• Reference year/period of the tax to be paid, to be indicated in 4-digit format;

• Regions: in the case of regional taxes it is necessary to indicate the cadastral code of the Region for which the payment is made;

• Imu and other local taxes: for municipal taxes, indicate in this field the cadastral code of the municipality for which the payment is made.

The updated codes of the individual taxes are available on the Revenue Agency website, while as regards the amounts they must always be indicated with the first two decimal figures, even if they are equal to zero. In the presence of multiple decimal digits, the second digit is rounded up if the third number is equal to or greater than 5, and rounded down if the third digit is less than 5.

All taxes are also compensated according to vertical or horizontal mode.

The first provides that all taxpayers can use credits to pay debts of the same type of tax but relating to different financial years, while the second provides that credits are used to pay any type of debt. The maximum amount for the use of compensation credits is €516,456.90 per calendar year.

How and where to pay the F24 form

For VAT holders, the payment can also be made electronically by connecting to the current account page via home banking.

Payments made via the Revenue Agency’s electronic services are considered effective only in the case of debiting the balance to be paid to the bank or postal account indicated in the form sent, which must be regularly open and have sufficient financial resources to pay the entire amount.

For taxpayers without a VAT number, however, it is possible to pay the form to affiliated credit institutions, post offices and collection agencies and make the payment in various ways:

• bank checks and bank drafts at banks;
• bank checks, bank drafts and/or promissory notes from collection agencies;
• postal cheques, bank drafts, postal orders or Postamat paper, bank checks available at post offices;

The main errors to avoid when filling out the F24 form to avoid overpaying concern the tax code, the reference period and the tax code. Particular attention must then be paid to failure to present the F24 form with zero balance: in this case the law provides for the application of a fine of 100 euros, which can be halved in the event of delays of no more than 5 working days.

You know what F2D can take care of F24 and all the obligations relating to personnel management for you? Trust a team of professionals for your company!