Community
This is the natural next step after the VAT directive simplyfying life for SMEs. now banks should move in to provide the reporting sidestream in their e-invoicing services and in parallel develope the splitpayment model - automating the payments. 60 million workdays can be saved in enterprises - and more tax collected cost-efficiently.
http://ec.europa.eu/taxation_customs/resources/documents/taxation/vat/key_documents/communications/com_2011_851_en.pdf
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