E invoicing, perspectives for effective electronic invoicing in europe

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Transcript of E invoicing, perspectives for effective electronic invoicing in europe

  1. 1. Perspectives for Effective Electronic Invoicing in EuropeELECTRONIC INVOICE CONFERENCE MADRID 28-04-2010 Stefan Engel-Flechsig Legal CounselChairman CEN Workshop eInvoicing III
  2. 2. WHAT NEEDS TO BE DONE ? 28-04-2010 RA STEFAN ENGEL-FLECHSIG 2
  3. 3. Recommendation Expert Group The Expert Group recommends the harmonisation of and the provision of clarity for the legal and VAT framework across the EU on the basis of equal treatment between paper and e-invoices and supported by a Code of Practice prepared by the Expert Group:equality of treatment is defined; all Member States adopt the Commissions January 2009 proposal for a new VAT Directive; the European Commission supports the implementation of the Expert Groups Code of Practice; the proposed European Commission Recommendation should be implemented by all stakeholders; Member States who have not yet done so, should implement the option of 'other means' as provided for in the current VAT directive; the investments already made by trading parties in their existing e-invoicing solutions are safeguarded; absolute clarity in the specification of legal requirements should be provided. 28-04-2010 RA STEFAN ENGEL-FLECHSIG3
  4. 4. Expert Group - Code of Practice The EG recommends that the European Commission supports the implementation of the Expert Groups Code of Practice based on 11 core principles by means of a European Commission Recommendation, which should also be endorsed by all Member States. When the VAT Directive is adopted, the European Commission Recommendation will provide complementary support and continuing guidance to all stakeholders. The EG recommends that the proposed European Commission Recommendation should be implemented by all stakeholders in the e-Invoicing environment, including trading parties, tax authorities and service providers. 28-04-2010 RA STEFAN ENGEL-FLECHSIG4
  5. 5. CEN Workshop Provide Best Practice &Guidance Identify best practices for compliance of invoicing solutions Identify common tax auditing principles, Foster cooperation with tax authorities, Define European standards, incl. invoice module, and Identify internal business control processes; CEN workshop phase /kicked off on 09-02-2010/ 2 years Compliance Awareness SME Technical platform Cooperation with companies and tax authorities and service providers Reaching out for national fora for electronic invoicing 28-04-2010 RA STEFAN ENGEL-FLECHSIG 5
  6. 6. Contact Stefan Engel-FlechsigLegal CounselChairman of CEN/ISSS Workshop on ElectronicInvoices in Europestefan@engel-flechsig.de+49 228 28 98 253/254 (office)+49 172 944 70 93 (mobile) 28-04-2010 RA STEFAN ENGEL-FLECHSIG6