Archive for Featured Articles

New CEF Telecom e-invoicing call for proposals opens at 28 June

It is expected that on 28 June 2017 the 2017-3 CEF Telecom call will be opened. Expected, because the time frame is set on 'indicative', meaning that the opening can be rescheduled to a later date. That is also what happened with the previous e-invoicing CFP. The e-invoicing CFP budget is also set at an indicative €10 million. Indicative, but still: substantial.

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Introducing our latest sponsor: B2B Router / Invinet Systems

B2BRouter is a simple online solution provided by Invinet that enables companies to send electronic documents through the Pan-European PEPPOL network, recommended by public administrations in Europe and mandated by the Department of Health in England. For SME suppliers, you can set up your clients on the B2BRouter portal, receive notices of incoming PEPPOL orders by email, flip orders into outbound PEPPOL invoices and send them through the PEPPOL network, at the touch of a button, for a small annual fee.

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Introducing Buzon E: A full service e-invoicing provider

We are delighted to again welcome an e-invoicing service provider as sponsor of the E-invoicing Platform. This time we give the floor to Buzon E, from Mexico
Buzón E is a Mexican subsidiary of Grupo Estafeta, focused on automating and optimizing business processes (BPM) and processes which involve the exchange of tax and non-tax electronic documents in order to help companies improve their communication, productivity and become more profitable by joining a world paperless community.

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A common Franco-German e-invoice format is becoming a reality

A common Franco-German e-invoice format is becoming a reality

Stefan Engel-Flechsig wrote a post announcing that France and Germany are working on a common e-invoicing format. The co-operation mainly focuses on two areas: first, the question of a common Franco-German accounting form, which can be used in the same way in both countries and takes into account the requirements of the future EU accounting form. On the other hand, both forums have dealt with the legal requirements of electronic invoices and the audit by the auditors in the two countries.

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Introducing SNI: ranked #12 on the Technology Fast 500™ Europe, Middle East & Africa (EMEA).

We are delighted to again welcome an e-invoicing service provider. This time we give the floor to SNI, from Turkey SNI is a computer technology corporation focused on e-invoice, e-ledger , e-archive and other interfaces and technologies. They provide solutions and services that reduce the risk and cost of maintaining compliance. The world's largest companies are their clients, including Adidas , Nike, Puma, Deloitte, Geberit, Alcatel-Lucent, Ferrero, Osram, Hilti, MTU, Schneider, Merck, Tefal and another 300+ large scale companies are running SNI e-invoice.

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Will the 'Spanish Approach' be the next step in E-invoicing Compliance in Europe?

Will the ‘Spanish Approach’ be the next step in E-invoicing Compliance in Europe?

SII will enter into force the 1st of July 2017, and will require that companies concerned submit their information electronically to the Spanish Tax Authorities regarding all customer and supplier invoices within 4 days of each invoice’s issuing date or book keeping date. During the first 6 months, companies will have 4 more days (8 days in total) to submit the invoice information, to allow for a smooth transition of current processes to the new routines.

A total of 62,000 companies are estimated to be concerned, representing 80% of the nation’s invoicing volume are affected by this new move, resembling Latin American compliance approaches.

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Finnish/Nordics attempt to revive ISO20022 after turned down as EU syntax

The objective is to deliver proof of concept in December 2016 and to allow companies to report VAT information faster and facilitate real-time reporting.

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Break: only UBL and CII remain as mandatory EU B2G e-invoicing syntaxes!

At a recent plenary meeting in Barcelona, CEN/TC 434 unanimously agreed to endorse UBL and CII as the syntaxes complying with the forthcoming EN and to be listed in a specific CEN Technical Specification (TS).
Once the EN and TS are published by CEN and referenced in the Official Journal of the European Union (OJEU), contracting authorities and entities in the EU will have to receive and process electronic invoices which comply with the EN and any of the two syntaxes, in accordance with the provisions of Article 7 of Directive 2014/55/EU.

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The EESPA annual survey results are in: >1 billion B2B, B2G and B2C e-invoices processed!

The EESPA annual survey results are in: >1 billion B2B, B2G and B2C e-invoices processed!

European e-invoicing service providers report a significant growth of 27% and over 1 ¼ billion processed e-invoices in 2015.
1 252 million electronic invoices were processed and delivered in 2015 by members of the European E-Invoicing Service Providers Association (EESPA), based on a set of survey results completed in July 2016. This represented a significant growth of 27 per cent over 2014 volumes of 985 million.

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VAT Gap: Nearly EUR 160 billion lost in uncollected revenues in the EU in 2014

September 6, 2016  |  Compliance, Europe, Featured Articles

A staggering €159.5 billion in Value Added Tax (VAT) revenues were lost across the EU in 2014 according to figures released by the European Commission today. Compared to 2013, the 2014 VAT GAP has decreased by €2.5 billion but individual performances of Member States still vary enormously when it comes to VAT compliance. Some 18 Member States showed an improvement in their figures, while eight Member States failed to collect more VAT revenues than the year before.

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