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

Why overlooking the VAT determination process is detrimental in the era of tax digitalisation

As tax moves into the digital world, hundreds of thousands of organisations across Europe will face substantial challenges when it comes to adhering to VAT.

Read more
Infringement Proceedings Brought Against Germany Over E-commerce VAT Rules

The European Commission decided to initiate formal infringement proceedings against Germany over section 22f & 25e of the German VAT Act.

Read more
HMRC Issue Letters on No-Deal Brexit Advice For UK Businesses Trading within the EU

HMRC letters to VAT-registered businesses trading with the EU explaining how to prepare for changes to customs, excise and VAT if the UK leaves the EU without a deal.

Read more