VAT, the government rejected the EU. ‘No’ opens a hole from 730 million … – Quotidiano.net

22 May 2015

The European Commission rejected the Italian request for derogation extend the reverse charge VAT to large retail chains. According to the law of the Stability Brussels would take no new fuel excise from July. Ministerial reverse: every safeguard clause (including this one) will be eliminated

Rome, May 22, 2015 – Another grain on the way the government Renzi . It is a grain of 730 million. The EU Commission has announced that it opposes the Italian request for a derogation to extend the ‘reverse charge’ VAT to large distribution (CARD) because the proposal is not in line with Article 395 of the European directive on VAT and unconvincing in its ‘ratio’.

‘NO EVIDENCE’ – The Commission has said no to the introduction of the reverse charge system for providers supermarket industry because “there is sufficient evidence that this measure will help to combat fraud.” As for the request to introduce a special measure for public entities that would have to pay VAT on a separate account instead of the supplier, the so-called ‘split payement’, the measure is “still being analyzed.”

COMMITMENT OF THE MINISTER – With the rejection of the EU to the ‘reverse charge’ opens a hole in the state budget by 730 milion . Stability in the law, it was expected that a safeguard clause was taking, in case of failure, increases in fuel taxes from July this year. But just recently the Minister of Economy Pier Carlo Padoan had assured “the government’s commitment to eliminate all the safeguard clauses”.

‘SOROPRESI? NO ‘- Sources MEF fact hasten to report that no European was “one of the possibilities” and that the Ministry of Economy “was not taken by surprise.” The same sources point out that “stays put the government’s commitment not to trigger the safeguard clause”.