Saturday, May 23, 2015

Iva on the new rules the “stop” in Brussels – Il Sole 24 Ore

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This article was published May 23, 2015 at 10:09.
The last change is the 23 May 2015 at 10:27.

ROME – A game lost from the beginning. And the confirmation came yesterday. The VAT exemption on the large-scale distribution (GDO) is not like the European Union. The risk of expensive gasoline on the horizon even though the MEF was quick to reassure that will not take a safeguard clause with the increase in excise duty on fuel from June 30, but now opens the face of the possible covers.

The reverse charge was immediately criticized by businesses for its distorting effects. For this reason, immediately after the news arrived from Brussels, Confindustria expressed in a note satisfaction with the red light of the European Commission at the request of the Italian State to authorize the introduction of the reverse charge VAT on supplies to retail chains. “The European Commission welcomes the findings so that Confindustria had highlighted – says the statement – including the presentation, last March 10, an official complaint, holding that the provision of the law of stability in 2015 was not in line with the rules and with the purpose of the Community provisions on VAT. ” Appreciation is expressed in particular that the Commission “has confirmed what we have argued about the ineffectiveness of the measure in order to combat fraud in the field of supplies to supermarkets, hypermarkets and discount food.” In this way, says Confindustria, “suppliers of retail chains can breathe a sigh of relief, not having to suffer the heavy financial consequences that the reverse charge would have caused them, not allowing a faster recovery of VAT credits that these companies would have gained.”

But there is another front opened still being analyzed by Brussels: the split payment for supplies to Pa, but unlike the reverse with the big retail chains have already entered into force from January 1, last. The hope of Confindustria is that “the European Commission demonstrates equal weighting in expressing its evaluations on another measure at issue for companies, which is split payment for the fulfillment of VAT on supplies to public administration, whose financial impact on the business system are proving to be just as serious. “

Returning to the judgment of the European Commission on the extension of the reverse charge to Gdo” there is sufficient evidence that the measures required to contribute combat fraud. ” But not only, because “the measure would imply a high risk of shifting of fraud to the retail sector and other states.” Reasons that have made lean Brussels to declare the Italian legislation “not in line” with Article 395 of the EU Directive on VAT, as explained by Vanessa Mock, spokesman for the Commissioner with responsibility for taxation Pierre Moscovici. Moreover, in the recent past Germany we have seen reject the request. And Mock added also remains under observation as the split payment for suppliers of Pa: “We received a request to introduce a special measure for the government would pay the VAT separately rather than directly to the supplier. This request is still under investigation by the Commission. ”

A possible rejection would cost just under one billion euro, which added to the 728 euro, which has been encrypted the reverse charge would go up to the big retail chains account for more than 1.7 billion.

The extension of the reverse charge has been planned since the last stability law as a measure to prevent evasion of VAT and that, in fact, would have moved on all subjects of supermarkets an obligation to fulfill VAT and he would create a considerable imbalance to the detriment of suppliers for purchases that would have to pay VAT and sales to large retailers should have no tax bill, then going on credit and then having to move from compensation or reimbursements.

For the reverse charge (provided along with other measures during construction along the way of the stability law in its response to the EU Commission to correct the structural deficit by 0.3% of GDP in 2015) The safeguard clause provided for an increase in excise duties on fuel. Sources MEF reassured yesterday that taxes on gasoline will not increase and that the ministry was not surprised by this decision because it has always monitored the feedback of Brussels.

An unknown in most after View the latest stop of the Robin tax (IRES surtax on energy companies and oil that is between 700 and 800 million) for the future and no longer able to count on the treasure used to cope with node-pensions.



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