The European Commission on 28 January 2009 adopted a proposal COM(2009)21 to change the VAT Directive 2006/112/EC (from 28 November 2006) with respect to invoicing rules. The main objectives are to reduce burdens on business, increase the use of e-Invoicing, support small and medium sized enterprises (SMEs) and help Member States tackle fraud. This is by far the most promising item in the Commission's programme to slash burdens on business: the maximum mid-term reduction potential is estimated at € 18.4 billion if all businesses send all their invoices electronically.In the European Parliament, the proposal has been examined by the Legal Affairs Committee: see committee report dated 9 March. Refer to "Procedure file" on Parliament site for further steps towards adoption of the opinion.
16 March: The ECOFIN council agreed a general approach on the draft directive - including the important e-invoicing proposal - and it will be adopted formally in a coming Council (once the opinion of the Parliament has been delivered). See ECOFIN outcome of proceedings for details.
Background material:
- Full independent scrutiny of the "history" of e-invoicing (blog);
- Euractiv background note.
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