Community
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.
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Erica Andersen Marketing at smartR AI
04 November
Prakash Bhudia HOD – Product & Growth at Deriv
01 November
Ben O'Brien Managing Director at Jaywing
31 October
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