VAT News

Proposed compliance changes in Italy

Currently, businesses registered for Italian VAT are required to make monthly or quarterly VAT payments to the Italian tax authorities, but there is no formal VAT filings that must accompany these.

A proposal put forward would see businesses required to submit filings on a quarterly basis, with a submission deadline of 2 months following the VAT period end.

In addition, proposals have been made which would see the blacklist filing abolished (this filing requires transactions with customers in certain countries to be declared), together with the quarterly intrastat filings for purchases of goods, and the purchase of services.

Furthermore, the deadline for submission of the annual filing will be brought forward from 30 September of the year following the period, to 28 February.

These proposals should be confirmed in due course.

Related articles

HMRC Opens Investigation into Uber Over £1bn Unpaid VAT

HMRC is looking to whether Uber should be classified as a transportation company, and therefore liable to pay VAT in the UK.

Read more
UAE Averaging 8,000 VAT Refunds Every Day

500 days since it's introduction, VAT refunds in the UAE are soaring.

Read more
UK MP Calls for Scrapping VAT Applied to Sunscreen

UK MP Chris Bryant calls for scrapping the 20% VAT rate applied to sunscreen products, encouraging more people to regularly use it.

Read more