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The EU-commission proposal to simplify and unify - and thus speed up -migration to electronic invoicing – especially for SMEs – has now gained EU-wide support. A key element in the new VAT directive is equal treatment of paper and e-invoices.
This developement has been in high demand from enterprises and is naturally especially gratifying for the 30 members in the EC Expert Group on e-Invoicing – who in last year’s work on the Final
Report unanimously supported DG Taxud in this matter (minus one non-participating member).
Now it is time to implement in all countries. The Netherlands already showed a good example by spelling it out very clearly and with immidiate effect – now additional demands on e-invoices – the business control process is sufficient – irrespective of transport
mode or format used.
Countries that have advanced far with e-invoicing have done so based on equal treatment. In these countries it is a bit consternating to see how such a simple and secure practise can be made to look very complicated. But of course there is a migration path
– and there the Netherlands is the best example.
Chairman/Founding member, board member
Transmeri, Demos, Real Time Economy Program,MyData
04 Nov 2008
This post is from a series of posts in the group:
A discussion of trends in innovation management within financial institutions, and the key processes, technology and cultural shifts driving innovation.