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Italy Spesometro Oct 2018 update

  • EU VAT
  • 24 September 2018 | Richard Asquith

Italy Spesometro Oct 2018 update

Italian VAT registered businesses are due to file their bi-annual Spesometro on 1 October. Italy will be introducing a new e-invoice live invoice SdI reporting regime in 2019 which will eliminate the Spesometro for resident businesses.

There were a number of 2018 changes to the XML-based listing, first introduced in 2011, of sales and purchase invoices, including:

  • The reporting period was changed from annual to bi-annual
  • Extending the list from just domestic supplies to exports and imports
  • Intra-community supplies which are included in the Intrastat must be included too
  • The €3,600 invoice threshold was withdrawn
  • The address of third-party customers or supplies in transactions are no longer required
  • B2C sales receipts are excluded
  • Fines for missing invoice disclosures were changed to €2 per invoice, limited to €1,000 per quarter
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Italian VAT registered businesses are due to file their bi-annual Spesometro on 1 October. Italy will be introducing a new e-invoice live invoice SdI reporting...
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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.