- In case of split payment, the seller or provider can issue a credit note for a decrease in the invoiced amount
- The credit note can be issued even if a year has passed since the invoice was issued
- This is allowed as long as the buyer has not opted to accelerate the VAT payment
- The clarification was provided by the Italian Revenue Agency in response to a query published on October 25, 2024
- The query involved a company that issued an invoice to a party subject to split payment regulations
- The amount invoiced was not received, prompting the company to inquire about issuing a credit note for a decrease in the amount
Source: eutekne.info
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
