- The Italian Revenue Agency monitors periodic VAT payments and reports any omissions, offering taxpayers the opportunity to regularize their position.
- The VQ section of the 2025 VAT return plays a key role in recovering accrued credit, allowing for the emergence of amounts paid late.
- The VQ section of the 2025 VAT return allows for the identification of credit accrued as a result of non-spontaneous periodic VAT payments, or payments resumed after suspension due to exceptional events, relating to tax years prior to the one subject to the declaration.
- In the event of omitted VAT payments due from periodic settlements, omitted periodic payments should not be assessed in the annual VAT return, particularly in the VL section.
- The annual VAT return, with the VQ section, allows for the determination of credit accrued as a result of periodic VAT payments made in installments.
Source: commercialistatelematico.com
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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