The Italian tax authorities have made a new tool available, allowing sellers to audit and control supplier/customer information provided they have an Italian VAT number.
By entering the Italian VAT number of a supplier/customer into this tool, the operator obtains the following information:
- status – active, suspended (in case of a business lease), discontinued
- The owner’s first name and/or surname
- the date they started trading and the dates of any suspensions/terminations
- information (if applicable) if the VAT number belongs to a VAT group or to a participant in a VAT group
Operators are then able to update supplier/customer files using this information.
