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

May's historic Brexit loss - what now for VAT?

With the massive loss experienced by the Prime Minister in the Commons yesterday, we have never been further away from a deal. Without a deal agreed between the UK and EU, there is nothing but uncertainty from a VAT perspective...

Read more
EU-MOSS scheme changes

From 1 January 2019, new rules will be introduced for the VAT MOSS scheme in the EU

Read more
Turkey-Standard rate applicable to e-publications

Certain e-publications previously subject to the reduced rate will now be standard rated

Read more