|Author (Corporate)||Council of the European Union|
|Series Title||Official Journal of the European Union|
|Series Details||L 318|
Council Implementing Decision of 29 November 2010 authorising Italy to continue to apply special measures derogating from the provisions of the VAT Directive.
Decision 2007/441/EC authorised Italy to limit the right of deduction of value added tax (VAT) charged on expenditure on motorised road vehicles not wholly used for business purposes to 40%. In February 2010, Italy requested authorisation to extend the derogating measures in order to continue to restrict the right of deduction in relation to expenditure on certain motorised road vehicles not wholly used for business purposes.
Italy submitted a report covering the two first years of application of the Decision which included a review of the percentage restriction. The information provided by Italy shows that a restriction of the right of deduction to 40% still corresponds to the actual circumstances as regards the business and non-business use of the vehicles concerned. Italy should therefore be authorised to apply the measure during a further limited period, until 31 December 2013.
|Subject Tags||Value Added Tax [VAT]|
|Countries / Regions||Italy|
|International Organisations||European Union [EU]|