EU MINISTERS DECIDE RULES ON ITALY VAT FOR PERSONAL USE FLEET CARS
June 1st, 2007
BY KEITH NUTHALLTHE EUROPEAN Union (EU) Council of Ministers has authorised the Italian government to limit to 40% the right to deduct VAT charged on company spending for cars and vans that are not wholly used for business. Its decision legally sanctions an Italian clash with EU VAT law, which generally opposes such rebate restrictions. Indeed this Italian system had been challenged at the European Court of Justice (ECJ), where the European Commission argued Italy had failed to follow proper procedures in framing this national law. The newly approved derogation ...
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