Italian VAT receipt lottery to fight VAT fraud

24 December 2019

In an effort to reduce VAT fraud, the Italian government are planning to launch a lottery based on VAT compliant receipts issued to consumers.

From 1 January 2020, most VAT receipts issued in Italy will show a unique code which will be automatically entered into a regular cash-prize draw organised by the government. 

It is hoped the scheme will encourage Italian consumers to ask for VAT receipts in order to be entered into the draw as these receipts can only be generated by secure e-registers provided by legitimate VAT registered businesses. This new scheme could help to stop fraudulent activities such as evading VAT on cash payments.

This follows Greece, Portugal, Poland, Slovakia and Malta who already operate a similar VAT lottery.

LATEST NEWS

Does a UK e-commerce business need an IOSS...

From 1 July 2021, the EU’s new e-commerce VAT reforms will be introduced allowing sellers to no longer pay import VAT at clearance on low-value consignments...

SEE MORE
LATEST NEWS

Lithuania cuts hospitality VAT to 9% until 31 December...

Lithuania will cut the VAT rate applicable to hospitality, sporting, and cultural services from the standard VAT rate of 21% to the reduced rate of 9%. To...

SEE MORE
LATEST NEWS

Belgium to cut e-book VAT rate from 1 January 2022

From 1 January 2022, the Belgium tax authorities have confirmed that the VAT rate on the sale of e-books, e-manuals, e-newspapers, and e-magazines sold online...

SEE MORE

Gated Content

The following email providers are not accepted: gmail, hotmail, yahoo. Please use proper company email.