Companies involved in Group VAT procedures had to proceed with the offset of VAT credit and debit within 30 September.
As specified also in the instructions to the VAT return, the parent company had to provide the relevant Revenue Office with the following:
- guarantees given by the single entities involved in the Group VAT payment concerning its respective offset credit;
- guarantee given by the parent company concerning the possible surplus of offset group VAT credit.
Thanks to Eutekne for the kind concession of the article