110% Lab - Superbonus 110

tutto il processo 110% è stato fulcro della ripresa economica post COVID

Si chiude quindi un programma di agevolazione che ha portato all’apertura di 360 mila cantieri e 62,5 miliardi € di investimenti asseverati. Solo nel 2022 sono stati asseverati circa 262 mila cantieri per 46,3 miliardi € di investimenti, quasi il triplo del 2021.

L’obiettivo fissato dall’UE è di raddoppiare il tasso di efficientamento degli edifici entro il 2025, il primo “step” da compiere sia verso l’evoluzione delle nostre città in smart city sia come passaggio necessario sul fronte molto più ampio del Green Deal Europeo.

Si stima che per raggiungere gli obiettivi di riduzione delle emissioni e dell’inquinamento fissati per il 2030 sia necessario dare un forte impulso a:

• La mobilità sostenibile, costruendo punti di ricarica per auto elettriche e stazioni di rifornimento a idrogeno.
• Le misure “Sismabonus” strutturali in primis per salvare vite umane, ma anche per attuare una strategia di vera prevenzione con positive ricadute sul bilancio dello Stato.
• L’attuazione di un programma per migliorare l'efficienza e la sicurezza del patrimonio edilizio pubblico, con interventi riguardanti in particolare scuole e cittadelle giudiziarie.
• La prosecuzione del programma di incentivo temporaneo “Superbonus” per la riqualificazione energetica e l'adeguamento antisismico del patrimonio immobiliare privato e per l’edilizia sociale, attraverso detrazioni fiscali per i costi sostenuti per gli interventi.
• Lo sviluppo di sistemi di teleriscaldamento efficienti.
• L’efficientamento energetico sia degli edifici pubblici che di quelli privati.
  
  

COME FUNZIONA

Come anticipato precedentemente, a partire da Febbraio 2021, RSM lavora attivamente come Advisor Tecnico sul fronte del Superbonus 110% e degli altri bonus edilizi.

Emerge in questo contesto la difficoltà delle imprese che si ritrovano in portafoglio tutti i crediti fiscali frutto delle operazioni di sconto fatte ai beneficiari. La necessità adesso è quindi quella di poter dare delle soluzioni alle imprese in modo che possano smobilizzare tutti i crediti. Si stima che siano 50 mila le imprese in difficoltà con un ammontare crediti "bloccati" per un ammontare stimato da ANCE Emilia di circa 10 miliardi.

Il processo si basa su quattro attori principali:

• Le piccole e medie imprese che sono coloro che in questo momento hanno i crediti fiscali nei cassetti fiscali e hanno bisogno di cederli.
• Middle Large company o gli intermediari finanziari sono le controparti che al momento acquistano crediti d’imposta per effettuare le compensazioni in F24.

RSM svolge il ruolo di Advisor Tecnico ed effettua la Due Diligence tecnica, fiscale e legale, rilasciando - a valle del processo di verifica - la Reliance Letter a favore dei cessionari interessati.

UN TEAM DEDICATO AL BONUS 110%

RSM ha costituito un team dedicato al Superbonus 110, l'RSM 110%, che ha basi economiche e ingegneristiche per la gestione anche tecnica del cantiere, supportando le imprese nelle verifiche richieste dalla normativa.

Il servizio prevede:

• Assegnazione di un contatto diretto RSM (Account Manager)
• Risoluzione di quesiti veloci in tema di Ecobonus
• Supportare le imprese attraverso contatti diretti presso istituti di credito e Agenzia delle Entrate

I SERVIZI CHE SVOLGIAMO PER IL BONUS 110%

Il supporto della Task Force RSM che si occupa del Superbonus 110 durante lo svolgimento dei lavori prevede:

The entire 110% process was a central driver of the post-COVID economic recovery.

A support programme has therefore come to an end that led to the opening of 360,000 construction sites and €62.5 billion in certified investments. In 2022 alone, around 262,000 sites were certified, representing €46.3 billion in investments—almost triple the level recorded in 2021.

The objective set by the EU is to double the rate of building efficiency improvements by 2025, as the first step both towards the evolution of our cities into smart cities and as a necessary milestone within the much broader framework of the European Green Deal.

It is estimated that, in order to achieve the emissions and pollution reduction targets set for 2030, strong momentum must be given to:

• sustainable mobility, through the construction of electric vehicle charging points and hydrogen refuelling stations;
• structural Sismabonus measures, primarily to save lives, but also to implement a genuine prevention strategy with positive effects on public finances;
• implementation of a programme to improve the efficiency and safety of public building stock, with particular focus on schools and judicial complexes;
• continuation of the temporary Superbonus incentive programme for the energy refurbishment and seismic upgrading of private real estate assets and social housing, through tax deductions for the costs incurred;
• development of efficient district heating systems;
• energy efficiency improvements in both public and private buildings.

How It Works
As mentioned above, since February 2021, RSM has been actively working as a Technical Adviser in relation to the Superbonus 110% and other building incentive schemes.

In this context, the difficulties faced by companies holding tax credits generated by the discounts granted to beneficiaries have become increasingly evident. The current need is therefore to provide solutions enabling these companies to monetise those credits. It is estimated that around 50,000 companies are facing difficulties, with “blocked” tax credits amounting, according to ANCE Emilia, to approximately €10 billion.

The process is based on four main parties:

• small and medium-sized enterprises, which currently hold the tax credits in their tax accounts and need to transfer them;
• mid-sized and large companies, or financial intermediaries, which are currently the counterparties acquiring tax credits in order to offset them through F24 tax payments;
• RSM, acting as Technical Adviser, carrying out technical, tax and legal due diligence and, at the end of the verification process, issuing a Reliance Letter in favour of interested assignees.

A Dedicated Team for the 110% Bonus

RSM has established a team dedicated to the Superbonus 110, known as RSM 110%, with both economic and engineering expertise to manage even the technical aspects of construction sites, supporting companies in the checks required by law.

The service includes:

assignment of a dedicated RSM contact (Account Manager);

resolution of quick queries relating to the Ecobonus;

support for companies through direct contacts with credit institutions and the Revenue Agency.

The Services We Provide for the 110% Bonus

The support offered by the RSM task force dealing with the Superbonus 110 during the execution of works includes:

• assistance with the interpretation of the applicable legislation;
• support, where required, during the uploading of documentation onto the various platforms;
• tax and technical review of the documentation;
• issuance of the Reliance Letter, the final document for any transfer/purchase and financing of the tax credit.
  

The Green New Deal

Through the Simplification Decree of July 2020, the Government identified SACE as the implementing body for the Italian Green New Deal through the issuance of Green Guarantees. Projects that may be covered by SACE Green Guarantees can be divided into the following main categories:

• clean economy;
• circular economy;
• sustainable and intelligent mobility.

RSM’s Role in the Issuance of Green Guarantees

RSM aims to play a significant role in assisting businesses in structuring investment projects that comply with the requirements of the European Union and national legislation, and which are eligible for Green Guarantees.

The Green New Deal represents a unique opportunity for Italian companies to redesign their production processes in a more environmentally sustainable way, taking this opportunity not only to modernise production facilities but above all to build a genuinely green economy. The ecological and technological transition requires companies to:

• identify investment projects whose green characteristics fall within the European Taxonomy of sustainable activities;
• design an organisation consistent with these changes and capable of reporting on the investments made;
• correctly quantify financial requirements through a business plan;
• define the best financing options for the initiatives.

The RSM team involved in Green Guarantees adopts a multidisciplinary approach, in which RSM’s established advisory activities on organisational and financial matters are integrated with the technical analysis required to assess compliance with the European Taxonomy.

Green Bonds

Within the broader area of financing the ecological transition, RSM also aims to establish a presence in the Green Bond market, with the goal of supporting and assisting companies throughout the process.

In summary, green bonds are based on four fundamental elements:

• use of proceeds;
• project evaluation and selection process;
• management of proceeds;
• reporting activities.

RSM can assist companies in all the different activities related to green bonds, as described below.

Issuance of Green Bonds

• definition of the issuer’s sustainability strategy and feasibility study for the issuance of Green Bonds;
• development of the project selection process and criteria, and identification of eligible projects;
• carrying out ESG Due Diligence (Environmental, Social and Governance);
• development of the measurement and reporting framework to determine the environmental impact of projects;
• verification of the adequacy of the governance structure and internal control systems for monitoring and allocation of funds.

Process

• development of a Memorandum addressing the information needs of investors and other stakeholders;
• roadshow to promote the issuance of the Green Bond;
• structuring of the Green Bond for market launch;
• cooperation with rating agencies and support in achieving an investment grade rating.

Verification

• verification of the feasibility of projects against a range of relevant standards and criteria;
• continuous monitoring of proceeds and the performance of associated projects, in order to ensure compliance with the defined objectives and the reference framework developed;
• periodic reporting of achieved performance.

Defining the Approach

RSM’s team of experts can provide its experience in the creation and development of your Green Bonds, ensuring alignment with your sustainability strategy and supporting you in defining the objectives of your bond issuance strategy.

Impact Assessment

RSM can help develop a tailored framework to certify that projects comply with Green Bond standards and enable you to assess and report on the impact of your green projects after the investment has been made.

Investor Relations

RSM can provide access to a pool of national and international investors interested in green investments, such as pension funds, retail investment managers and insurance companies. RSM can support companies in presenting their green projects effectively to investors.

Support in Understanding Rating Agency Requirements

RSM can ensure that the green projects selected by the company are consistent with the finan

Assurance

The RSM team has significant experience in the assurance of systems, processes, control mechanisms and performance indicators. RSM can provide an ad hoc or recurring.Assurance service aimed at giving both the company and the market confidence that Green Bonds comply with international standards.