Italian VAT & Taxation when selling direct to consumers
We have been selling direct to the public at racetracks in most European countries for a number of years. As it is normally only once a year in each country we have always been below the Vat threshold.
As we have always been below the threshold we do not pay any Vat on the income. We also do not reclaim any Vat on the purchase price of the products sold or any other purchases, hotels fuel etc.
The authorities at Monza are saying that for this year we need to have an Italian VAT number, Italian bank etc, has something changed?