Iva, Brussels says no to Italy on the “reverse charge”. For the budget … – Il Sole 24 Ore

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This article was published May 22, 2015 at 18:21.
The last change is the 22 May 2015 at 19:36.

New blow for the Italian public finances after the ruling of the consultation on the block of pensions. A finish in the viewfinder, this time, is the norm of the extension of the “reverse charge” VAT (the reverse charge mechanism in practice eliminates the deduction of VAT on purchases) supermarkets. The European Commission has officially announced today at the European Council his opposition to the Italian request for a derogation from EU legislation, as not in line with Article 395 of the VAT Directive. Still under review however the Italian request to separate payments of VAT (the so-called “split payment”) by the Pa.

Falla from EUR 728 million in the state budget
The extension of the “reverse charge”, introduced by the government Renzi with the law of stability in 2015, was not yet operational, as the prior issue of a Community authorization that today the European Commission has denied. The stop opened a hole from 728 million euro in the state budget, and could result in the activation of the safeguard clause and therefore the automatic increase, since June, the fuel taxes to offset the lost revenue quantified by law Stability in over 700 milion euro.

Sources MEF: firm commitment of the government not to increase excise trigger
The hypothesis of an increase in excise duties was immediately denied by sources of the Ministry of Economy, that in the afternoon confirmed “the firm commitment of the government to not trigger the safeguard clauses.” The decision of the EU Commission, always explain sources of MEF, ” it was one of the possibilities “and Via XX Settembre” has monitored the decisions of the European Community. ” To avoid an increase in excises the ministry about a month of time: the calusola safeguard contained nellegge Stability provides that any increase in the rates of excise duties on petrol and diesel to be placed “by order of the Director of Customs and Monopolies to be adopted before 30 June 2015 “.

There ‘sufficient evidence’ that derogation counter fraud
Returning to the rejection of Brussels, Vanessa Mock, spokesman EU Commission for financial services, said in a statement released in the afternoon that the EU executive believes there are “sufficient evidence that the requested measure would help to combat fraud. The Commission believes that this measure entails serious risks of fraud to the detriment of the industry in retail sales to the detriment of other Member States. “

Derogation” split payment “still under review
As for the request to introduce a special measure for public bodies who would have to pay VAT on a separate account instead of to the supplier (“split payment”), this’ is still being analyzed by the Commission. ” The eventual rejection of this waiver request would cost an additional € 998 million, for a total of about 1.7 billion. Even in this case, the shortfall must be covered by the automatic increase in excise duties on fuels, which will take effect from 30 June.

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