Italy-UK VAT Refund Reciprocity Agreement: Implications and Procedures for Operators

• Italy and the UK have an agreement for mutual recognition of VAT refunds
• The agreement involves a reciprocity condition for VAT refunds on purchases made by Italian and British operators
• The effective date of the agreement is January 1, 2021
• Resolution n. 22/2024 from the Italian Revenue Agency clarifies the procedures for claiming VAT refunds under the new terms
• The agreement is a result of Brexit, impacting tax regulations and trade relations between the UK and the EU.

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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