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Wasting tax payer's money until 2020?

Most governments are trying hard to save tax payer’s money – and even more importantly trying to push the SME-sector into digital processes and financial administration. But still too many in EU seem too signal that 2020 is a deadline for unstructured invoicing.

More here:

http://eeiplatform.com/8528/an-overview-56-government-e-invoicing-initiatives-anything-missing-here/?utm_source=E-invoicing+Platform&utm_campaign=42f689713a-E-invoicing+Platform+-+Newsletter+week+27&utm_medium=email

Is it really so that only legislation helps? Of course it is efficient - but takes too much time. The faster way is that the buyer of goods and services simply states that e-invoices are preconditions. Of course this can be done - subject to SMEs having 0-investment and 0-ITskill alternatives - for example in their e-banks.

 

Comments: (2)

A Finextra member
A Finextra member 03 July, 2012, 16:25Be the first to give this comment the thumbs up 0 likes

As Governments see what E-invoicing can do for users and what the ramifications entail they will soon see the "light at the end of the tunnel".

Bo Harald
Bo Harald - ZEF, Transmeri, Demos, Real Time Economy Program, - Helsinki Region 04 July, 2012, 07:39Be the first to give this comment the thumbs up 0 likes

Anybody out there thinking e-invoicing should not be mandatory in the public sector? Anybody thinking VAT-reporting should not be automated? If not - why not speed it up by setting a deadline?

Bo Harald

Bo Harald

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ZEF, Transmeri, Demos, Real Time Economy Program,

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This post is from a series of posts in the group:

Innovation in Financial Services

A discussion of trends in innovation management within financial institutions, and the key processes, technology and cultural shifts driving innovation.


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