20 August 2017
Bo Harald

Good for society at large

Bo Harald - ZEF, Transmeri, Real Time Economy Program

346Posts 1,290,331Views 253Comments

Transport mode IS irrelevant..

24 November 2008  |  2068 views  |  0

We now know that most EU-countries support Equal Treatment - of paper and e-invoices - from a VAT-auditing angle. This is great progress. 

Some may still need clarification - what does ET mean? In all essence it means that: Transport IS irrelevant. From this follows that auditing can treat all invoicing in the same way.

Of course it makes common sense - VAT audit is taking place in the corporate environment today and tomorrow - and it will be easier and finding less fraud, the faster we move away from paper. That is the only difference - and the very reason why ET is in everybody's interest as it makes it easy to migrate - not difficult as for example mandatory digital signatures do.

Will this lead to a slower harmonization of VAT auditing? I do not think so - on the contrary it will be possible to move faster also in this field - as ET will bring volumes, pressure on roaming, interoperability and use of common standards.

Comments: (0)

Comment on this story (membership required)

Latest posts from Bo

e-banking 3.0

10 July 2017  |  4184 views  |  0 comments | recomends Recommends 0 TagsMobile & onlineInnovationGroupDigital Banking Trends

Demise of cash

05 July 2017  |  7975 views  |  0 comments | recomends Recommends 0 TagsCardsInnovationGroupDigital Banking Trends

Bank e-id service rules the waves

04 July 2017  |  5431 views  |  0 comments | recomends Recommends 0 TagsRetail bankingInnovationGroupDigital Banking Trends

Real Time Economy for EU - How?

20 March 2017  |  4331 views  |  0 comments | recomends Recommends 0 TagsMobile & onlineInnovationGroupFintech innovation and startups

Real Time Economy for EU - What?

19 March 2017  |  4098 views  |  0 comments | recomends Recommends 0

Bo's profile

job title Chairman/Founding member
location Helsinki Region
member since 2008
Summary profile See full profile »
Independent advisor and board professional

Bo's expertise

Member since 2008
338 posts253 comments

Who's commenting on Bo's posts

Dean Procter