The Quarterly VAT report (Italian: Comunicazione delle liquidazioni periodiche IVA, “LIPE”) is a report that has been required to be submitted regularly under Italian VAT law since 2017.
With the Quarterly VAT report, the taxable person communicates the results of their monthly or quarterly VAT settlements. The report is for informational purposes only.
In principle, all businesses and self-employed professionals with an Italian VAT number are required to submit the Quarterly VAT report. Taxable persons are exempt only if they are not required to submit the annual VAT return and/or are not required to perform periodic VAT settlements, in the cases provided for by law. This may include, in particular:
The quarterly VAT report must be submitted every quarter. The deadlines are:
If the annual VAT declaration is submitted by February 28 and the VP overview is completed in full, the Quarterly VAT report for the 4th quarter does not need to be submitted.
If a deadline falls on a weekend, it is postponed to the next working day.
The Quarterly VAT report consists of the following components:
The following information is provided here:
A separate VP overview is created for each individual settlement period. This contains all information relating to VAT settlement, including:
With monthly accounting, a separate overview is created for each month.
For quarterly accounting, a single overview is created for the entire quarter.
No individual invoices are reported, only the totals for the respective month or quarter. The Quarterly VAT report does not replace the annual VAT declaration or the payment of VAT.
The Quarterly VAT report is not a payment declaration. VAT payments continue to be made separately, usually using the F24 payment form, in accordance with the applicable billing cycles (monthly or quarterly).
Incorrect or missing Quarterly VAT reports can be corrected by means of correction notices.