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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.
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.
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".
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?
Chairman/Founding member, board member
ZEF, Transmeri, Demos, Real Time Economy Program,
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.