Italy’s new VAT Group regime in front of the EU VAT grouping scheme

SUMMARY: 1. Introduction. – 2. Regulatory Framework of the Italian VAT grouping scheme. – 3. Eligibility for VAT group membership. – 4. The condition of financial, economic and organisational link. – 4.1. The presumption connected to the financial link. – 5. Establishment of a VAT group. – 5.1. Breaching of the “all-in, all-out” rule. – 6. Consequences of joining a VAT group. – 6.1. Supplies to or from third parties and intra-group supplies. – 6.2. Transaction between main establishment and fixed establishment members of a VAT group. – 6.3. Other consequences of joining a VAT group. – 7. Liability of VAT group members. – 8. Differences between VAT group regime and group VAT settlement regime. – 9. Conclusions.