European Union
European Commission consultation regarding the approach of ViDA reforms
The VAT in the Digital Age Proposal (ViDA) has referred to the common European standard on e-invoicing (also known as EN16931) and advocated it as a necessary medium of data exchange between businesses. This common standard is contained within the e-invoicing Directive 2014/55/EU and defines invoice contents, format and language. The ViDA proposal, however, would extend the e-invoicing standard with the intra-community supply of goods and services. The European Commission currently is holding a consultation of this respective Directive which commenced on 17 March 2023 and will end on 14 April 2023.
The link for feedback can be accessed below:
https://ec.europa.eu/info/law/better-regulation/have-your-say/initiatives/13669-Public-procurement-EU-rules-on-electronic-invoicing-in-public-procurement-evaluation-_en
File format and transmission form an integral part of the ViDA proposal, and Tungsten will follow developments in respect of the same.
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