Italy: VAT registration by UK businesses (post-Brexit)

Italy: VAT registration by UK businesses (post-Brexit)

The Italian tax authority concluded that under the free trade agreement between the EU and the UK, (signed 24 December 2020 and provisionally in force as of 1 January 2021), UK businesses and companies can directly register for value added tax (VAT) in Italy.

1000

Related content

Guidance (Resolution no. 7 of 1 February 2021) from the Italian tax authority clarifies that:

  • UK businesses or companies without an Italian VAT number can register in Italy for VAT purposes either (1) directly or (2) through the appointment of a fiscal representative.
  • UK businesses that were previously directly registered for VAT in Italy can continue doing business in Italy through this direct VAT registration (without having to switch to the fiscal representative registration). Thus, the input VAT incurred by these businesses after 1 January 2021 is recoverable via their direct VAT registration with no risk of challenges or penalties.
  • UK businesses that were previously VAT-registered in Italy by means of the appointment of a fiscal representative are able to continue doing business in Italy in the same manner.

Read a February 2021 report [PDF 75 KB] prepared by the KPMG member firm in Italy

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal