With Ministerial Decree dated 6 April 2018, the Ministry of Economics and Finance issued the implementing measures of the VAT group. The new regulation provides indications concerning the timing, forms and operating procedures of the VAT group, which will enter into operation starting from 1 January 2019. This a completely new regulation, requiring major adjustments to procedures and fulfilments by companies which will opt form a VAT group. Nonetheless, further clarifications and integrations to the norms currently in force are needed, in order to facilitate and simplify the behaviours the company concerned will have to align with.
The formation of a VAT group, as provided for by art. 11, para. 1 of Directive 2016/112/EC, is not mandatory, but represents an opportunity to benefit from the advantages deriving from considering a number of companies operating in Italy, linked by financial, economic and organisational ties as a single entity (i.e. the VAT group). The new Ministerial Decree dated 6 April 2018 should represent a key reference point, but there are still various issues to be clarified.
Should you be interested in finding out more, please contact Mario Spera.
