Possible regularization of omitted reverse charge using TD20 code for incorrect VAT billing

• New technical specifications for electronic invoicing and cross-border operations are in effect since February 1st
• Code TD28 must be used for purchases from non-resident operators documented by analog invoices from San Marino
• Code TD28 must also be used if the buyer, instead of using reverse charge, receives a paper invoice with incorrect VAT from a non-established supplier in Italy
• Sending document TD28 to the SdI does not regularize the failure to apply reverse charge, which remains punishable
• The buyer may be fined €250 to €10,000 for not applying reverse charge, with the supplier being jointly liable
• The irregularly exposed tax is still deductible
• The recipient of the irregular invoice should be allowed to rectify their position without consequences

Source: eutekne.info

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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