Thursday 24 November, 2011

By 1st January 2013, EU Member States will need to adopt a new Directive on VAT invoices with the aim of stardardising disclosure requirements and promoting the use of electronic invoices. At the moment organisations are faced with a range of choices for their invoicing accross the Continent and elsewhere, and the rules governing the requirements are inconsistent. The new Directive will force all member states to conform to the same obligations. The aim is to ensure a faster adoption of e-invoicing with a clear focus on the audit trail rather than concentrating on previous requirements for electronic authenticity.

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