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Italy reviews VAT warehouse rules

  • VAT
  • 03 July 2013 | Richard Asquith

Italy reviews VAT warehouse rules

Italy has asked for an EU preliminary ruling on the details of providing a VAT exemption on goods held in a VAT warehouse.

VAT warehouses enables companies to hold stock in the EU which has not yet been cleared through customs for free circulation.  This includes no payment of customs duties and import VAT.  The European Union VAT Directive sets the rules for the operation of such duty and Italian VAT suspension holdings.

Italy has raised the scenario where VAT has been incorrectly collected on goods which should have been subject to the reverse charge – thus undermining VAT neutrality.


VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.