There is a traffic ban for all but local vehicles on the centre of Florence (and for a number of other Italian cities). They use an ANPR system for detection. If your son was caught on it they will either:
1. charge the hire company which almost certainly means that your son's credit card will be charged.
2. threaten to - or actually issue proceedings in the UK.
In our experience 1. is likely and 2. never gets anywhere.
With regard to your speeding case, French police will normally stop you at the scene if there is to be a penalty and may well impose an instant fine or threaten confiscation of the vehicle. If they did not stop you the chances are you got away with it.
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