I am the owner of a small manufacturing business and during 2023 I benefited from the tax credit for the purchase of energy products, known as the Energy Products Business Bonus in the HR framework. Now that I am preparing my tax return for the year 2023, I wonder if I should indicate this tax credit somewhere in the form. Could you give me precise instructions on how to proceed?
I understand your situation and the need for clarity regarding the correct tax management of the tax credit for energy products from which you benefited in 2023. The answer to your question is affirmative: it is necessary to indicate this tax credit in the relevant tax return to the year 2023.
The Business Bonus tax credit for energy products must be reported in the RU framework of the 2024 Income model. For the 2023 tax period, the Revenue Agency has established specific credit codes to be used in this framework. For the tax credit accrued in 2023, different codes must be used depending on the reference quarter and the type of business. Here’s a summary:
For the first quarter of 2023:
- Tax codes for the F24 model:
- 7010: Energy-intensive companies
- 7011: Non-energy-intensive businesses
- 7012: Companies that consume a lot of natural gas
- 7013: Companies other than those with high natural gas consumption
- Codes to be used in the RU framework:
- R4: Energy-intensive companies
- R5: Non-energy-intensive businesses
- R6: Companies that consume a lot of natural gas
- R7: Companies other than those with high natural gas consumption
For the second quarter of 2023:
- Tax codes for the F24 model:
- 7015: Energy-intensive companies
- 7016: Non-energy-intensive businesses
- 7017: Companies that consume a lot of natural gas
- 7018: Companies other than those with high natural gas consumption
- Codes to be used in the RU framework:
- S2: Energy-intensive companies
- S3: Non-energy-intensive businesses
- S4: Companies that consume a lot of natural gas
- S5: Companies other than those with high natural gas consumption
In your case, since it concerns the tax credit for non-energy-intensive businesses relating to the first half of 2023, you will have to use the credit code R5 for the 1st quarter and S3 for the 2nd quarter.
When filling out the RU form, you will have to indicate the amount of the credit accrued during 2023 in line RU5, column 3. If you have used the credit in compensation via the F24 form, which had to happen by 31 December 2023, you will also have to fill in the lines RU6, RU8 and RU10. If you have opted to transfer the credit to third parties, you will still have to indicate the credit accrued in the RU section and fill in the appropriate section to report the transfer.
It is important to underline that failure to indicate this tax credit in the tax return could lead to consequences, but it is possible to remedy any omissions through the institution of remission in bonis. The correct indication of this data is essential not only to fulfill tax obligations, but also to allow the Revenue Agency to carry out the necessary checks on the use of tax credits.
Given the complexity of the matter and the importance of correct compilation, I advise you to pay particular attention to this section of the declaration. If you do not feel confident in completing the form, it may be advisable to seek the support of a qualified professional to ensure that you correctly fulfill all the declaration obligations relating to energy tax credits.
