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A new law and new commitments from the European Union in favor of e-invoicing
A new law and new commitments from the European Union in favor of e-invoicing
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In a European Commission’s press release on December 2nd, Michel Barnier, Commissioner for the Internal Market and Services, takes on a commitment to invoices dematerialization
He explains that “E-invoicing has the potential to make a big difference, for businesses, consumers, and European trade as a whole. The benefits in terms of saving time and money are fully in line with our Europe 2020 strategy and with the Digital Agenda for Europe in particular”.
The former Directive which defined e- invoicing rules has been replaced since July 13th by a new text: Directive 2010/45/EU. It will be transposed into French law before 2012’s end. Doing so, it could make it easier to apply articles 289-V and 289 bis of the French Tax Code (“Code Général des Impôts”), which sets two ways of exchanging e-invoices in France. These two articles allow in particular total dematerialization, i.e. no longer any sheets of paper when sending invoices as long as there is a digital original.
European Commission wishes to make e-invoicing the prevailing way of exchanging invoices in Europe
In the same press release, European Commission Vice-president Antonio Tajani adds that “Revolutionising the way we pay bills, e-invoicing will boost the overall competitiveness of European Companies, especially SMEs”. These comments join a general trend led by the program “a digital agenda for Europe”, which promotes in particular e-invoicing implementation in whole Europe. One of its priorities consists in fostering common standards development for e-invoicing.
This priority joined today’s works at GS1 France in this domain. Cooperations between different national GS1 and their members are multiplying all over Europe to go on accompanying businesses on the path of e-invoicing.
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