The tax authority on 9 May 2023 published Ruling no. 314/2023, which states that the effects of UK value added tax (VAT) groups are not recognized for Italian VAT purposes beginning 1 January 2021.
This ruling reverses the tax authority’s previous position, expressed in Ruling no. 756/2021, which stated that UK VAT groups were still recognized post-Brexit.
Source: KPMG
Latest Posts in "Italy"
- New VAT Compliance Regime: Client Responsible for VAT Payment in Logistics Sector
- New Optional VAT Rule for Logistics and Transport Services Ahead of Reverse Charge Introduction
- VAT Treatment for Sale of Oceanographic Vessel to Research Entity Under Italian Law
- Constitutional Court Ruling Alters Customs Confiscation Rules for Unpaid Import VAT
- Legal Requirements for Issuing Credit Notes: Clarity and Proof of Original Invoice Connection
