What is the problem? Different national VAT rules for paper and electronic invoices
Member States have adopted various domestic rules which govern the validity and acceptability of eInvoices within their own countries. This makes it difficult to use eInvoicing across the EU.
Compared to paper invoices, eInvoices offer huge advantages for companies. They can be processed more quickly and cheaply as there are no postal delays or costs. The mass adoption of e-invoicing within the EU could generate savings of around € 240 billion over a six-year period.
Why is EU action needed? To extend the benefits of eInvoicing to cross-border transactions
The European market for electronic payments and eInvoicing is still fragmented (see also action 7). Only in an integrated payment market will it be possible for enterprises and consumers to rely on safe and efficient online payment methods.
What will the European Commission do?
Contact:
ken.ducatel@ec.europa.eu