Public bodies and large clients: see your VAT credit and incoming cash monthly.
FiscalPulse reads your Cassetto Fiscale monthly: VAT credit, freelancer withholding, client concentration, F24 due.
€29 a month · no installation · read-only, revocable
Sample company · illustrative data€2.8 billion
of engineering and architecture services tendered in Italy in 2025.
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That is 47.1% more than in 2024.
Source: OICE, 2025 data, reported by LavoriPubblici.it (January 2026)
81.5%
of public-administration invoice value was paid on time in 2024.
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The remaining 18.5% was paid late.
Source: Ragioneria Generale dello Stato, Piattaforma dei Crediti Commerciali data, reported by LentePubblica (July 2025)
Since July 2018
fees subject to withholding tax are outside split payment.
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Under split payment a public body pays the VAT on an invoice straight to the State. Engineering firms and agencies set up as srl or spa companies remain inside it.
Source: art. 17-ter, para. 1-sexies, DPR 633/1972, introduced by DL 87/2018; EC News (2018)
In the report
Projects, public bodies and people
VAT credit from split payment
Public bodies pay you only the net amount.
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The body pays the VAT to the State. The VAT on purchases, freelancers and equipment, on the other hand, you pay yourself, so the credit grows quarter after quarter. Every month the report shows the VAT credit in the Cassetto, how much you have already used in F24 payments, and it follows the refund claim until payment, alerting you if it stalls.
Top client
18.0%
HHI 1,180 · loss of the main recurring customer −11.4%
Sample company · illustrative data
Your largest client’s weight
Firms and agencies often depend on a few clients.
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A year’s revenue can hang on one tender or one contract. Every month the report measures the share of the top client and the concentration of the whole portfolio. Then it calculates how much revenue remains if the main recurring client stops giving you work.
Staged billing, month by month
Billing by phase means full months and empty ones.
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The yearly average tells you little about how things are going, and you need not wait for the accounts. The report reads invoices month by month, separates immediate from deferred invoices and builds the seasonal profile of your work. It also emails you when a regular client sends fewer assignments, before the gap reaches your cash.
Withholding tax for freelancers
Freelancers invoice you and you hold back 20%.
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They are designers, copywriters and consultants with their own VAT number, and the 20% is paid with F24 (the Italian tax payment form) by the 16th of the following month. The report compares the Certificazioni Uniche (CU, annual income statements), Modello 770 (the annual withholding tax return) and the payments, and flags anything that does not match.
What collaborators and staff cost
Spending by category, against your sector.
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It covers collaborators and suppliers. Payroll cost is rebuilt from the contributions paid.
F24 due on the 16th
You know each month’s VAT, contributions and withholding due.
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You also see what the November IRES (corporate income tax) advance will be.
Agenzia letters, same day
You get an email with the letter, amount and deadline.
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It arrives when the Agenzia delle Entrate (the Italian Revenue Agency) writes. An avviso bonario (the Agenzia’s notice of irregularity) paid within 60 days costs a third of the penalty.
A report for the bank
Show the bank last month’s numbers and tax score.
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It helps when a public contract calls for advances or guarantees, and shows the regularity of tax payments.
The fiscal credit score is a complementary tool based on declared tax data. It is not a regulated credit rating within the meaning of Regulation (EC) No 1060/2009.
Giulia shows what is inside and what reaches you every month.
Public clients make VAT credit build up every quarter.
With split payment the public body pays you the net amount.
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It pays the VAT directly to the State. Invoices travel as FatturaPA, the e-invoice format required for the public sector. For an engineering firm that works mostly with the public administration, VAT on sales barely comes in, while VAT on purchases goes out every month. Businesses in split payment can claim the refund with priority, but the claim needs following. And in 2024 almost one euro in five invoiced to public bodies was paid late. The report brings credit, offsets and refund together on one page. Your accountant carries on as before and, if you wish, receives the report in copy.
Source: art. 17-ter DPR 633/1972; DM 23 January 2015 (priority refund); Ragioneria Generale dello Stato, PCC 2024 data (2025)
Who it is for, by ATECO code
- Architecture firmsATECO 71.11
- Engineering firmsATECO 71.12
- Technical testing and analysisATECO 71.20
- Advertising and communication agenciesATECO 73.11
- Market research and opinion pollingATECO 73.20
Srl and spa: split payment with public bodies. Partnerships and freelancers: withholding tax, counted as cash the State holds for you.
Getting started
Set up in about half an hour, then it runs on its own
- 01
You give us access to the Cassetto Fiscale.
The company’s Entratel or Fisconline credentials are enough: these are the logins an Italian company uses with the Agenzia delle Entrate.
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If you do not have them, we request them together through the company’s PEC, its certified email address, and they arrive in four to seven days. You can also appoint one of our partner accountants in Italy for read-only access.
- 02
We read the full history.
Invoices, F24 payments, LIPE, tax returns, letters from the Agenzia and credit registers: twenty-two document types, joined into a single reading.
- 03
You receive the report every month, in English.
A provisional version on the 3rd and the final one on the 18th, archived and ready to download.
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You also get an email every time the Agenzia writes to the company.
Your accountant in Italy keeps doing their job. If you like, they receive the report in copy.
€29 a month per Italian company, with the company’s own credentials
for companies with up to 2,000 invoices a year · cancel whenever you like
Cancel whenever you like, with no penalty. The yearly plan is paid in one instalment.
- Full monthly report, provisional on the 3rd and final on the 18th
- An email for every letter from the Agenzia, with the original attached and explained in English
- A reminder before every deadline
- Alerts on out-of-scale invoices and on customers who are buying less
- A version of the report to present to Italian banks and confidi (credit guarantee consortia)
- Archive of every past report, always available to download
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A hundred companies or more. Banks, leasing and factoring companies, credit guarantee consortia, networks and groups that follow at least a hundred Italian companies: we show you the engine in a demo on real positions from your portfolio.
An Italian company spends between €5,000 and €50,000 a year on its accountant, admin staff and software to produce the data that lands in the Cassetto Fiscale. For €29 a month, that data works for you too.
Questions
Does split payment create VAT credit for engineering firms?
Yes, if it works a lot with the public administration. The public body pays the VAT straight to the State, while the company pays VAT on its purchases, and the difference becomes a credit. Businesses in split payment can claim the refund with priority. Every month the report shows the credit in the Cassetto Fiscale, how much you have used in F24 payments and the refund status.
Is a professional partnership subject to split payment?
No, if its fees are subject to withholding tax. Since July 2018 these services are excluded from split payment: the public body pays the VAT to the firm and holds back 20% in withholding tax. That withholding is your money, held by the State until the tax return, and the report adds it to the firm’s liquidity.
How is freelancer withholding tax checked?
By comparing three documents: the CU, the Modello 770 and the F24 payments that settled the withholding. The report does it every month and flags a mismatch before anyone else finds it. For businesses working with many freelancers, such as agencies and design firms, it is the check that matters most.
What does an agency with few large clients see?
It sees how much each client weighs on revenue and how much would remain if the largest one left. The report measures the top client’s share, portfolio concentration and clients won and lost against the previous year. In the sample report the top client is 18% and losing it would cost 11.4% of revenue.
How does the report read staged billing?
Each invoice counts in the month it is issued, split between immediate and deferred. The report follows the trend month by month, builds the seasonal profile and compares revenue calculated from invoices with revenue declared in the VAT settlements. In the sample report the difference between the two is 0.30% for the first quarter.
Does it help with a tender’s financial requirements?
It works as an up-to-date basis to present to banks, confidi (credit guarantee consortia) and leasing companies, for example for a guarantee or an advance. Every month you get a version with the tax score on six dimensions, the regularity of VAT and INPS payments and last month’s figures. It does not replace the formal requirements set by the tender.