Earlier this month, the European Parliament backed the EC’s proposal to modernise EU rules on e-invoicing in public procurement. But while the new e-invoicing directive calls for a new standard, it doesn’t reference the issue of on-boarding – making it easy for suppliers to prepare to exchange e-invoices. This is why Palette recently launched their e-Invoicing Services Portal, to make it easy for any business to deploy e-invoicing with their customers and partners, to gain mutual benefits.
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This week the EU Parliament has voted in favour of abolishing mobile roaming fees and maintaining net neutrality. While US lawmakers have generally favoured corporate entities on these matters, this show the European Union’s tendency to share forces with consumers.
So what’s the deal on this with regard to e-invoicing? Well, not much at first glance. But let’s focus on the roaming fees.
The UK Revenues and Customs office has officially published the revises rules on electronic invoicing. This new notice cancels and replaces Notice 700/63 that stems from 7 years ago: June 2007.
The new notice has been updated to reflect the European changes in invoicing regulations of 2013. The new notice also contains revised content to reflect the technological advances since the previous version. However these changes remain technology neutral.
Portugal is a forerunner in taking measures to address tax evasion and fraud. These measures in Portugal include greater use of electronic invoicing, investment in technology and more tax agents, as well as small tax discounts on personal invoices, in force from last year. Electronic invoices rose 25 percent in January from a year earlier to around 365 million. But also a state lottery is part of the measures.
Read MoreBasware has signed an agreement for the delivery of accounts payable automation and e-invoicing services with a major UK hospitality retail providers. The services are powered by Alusta. Alusta is Basware’s vision on a unified cloud-based platform for purchase-to-pay. The agreement includes invoice automation and – an ambition towards- 100% inbound e-invoicing services.
Read MoreMy Business Stream renews contract with Anachron, connects e-invoicing with SalesForceThe long lasting innovative partnership between Anachron and Scotland’s largest business water retailer Business Stream leads to several new deliverables. First of all the contract between both parties is renewed up until 2017. And also, Anachron’s e-invoicing SAAS portal is being integrated with Business Stream’s existing Customer Portal, which is built on Salesforce.
Read MoreThe services that Basware provides enable the customer to send all their invoices electronically. The value of the renewed agreement exceeds EUR 1 million over three years. The very customer currently processes nearly 600,000 e-invoices a year. A volume that is expected to grow significantly over the next 12 months by increasing the percentage of e-invoices from all invoices the operator sends out.
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Recently we received notice on an article published on the UK Treasury Today website. The title “A breakthrough for e-invoicing?” zooms in on the new EU Directive e-invoicing on public procurement and the fact the actual breakthrough for e-invoicing is the feature missing from the EU framework for e-invoicing. And that is: on-boarding.
For the article Treasury Today interviewed both Charles Bryant ( European Affairs Advisor for OB10) and (Richard Manson, Director and co-founder of CloudTrade)
eFinans,provides e-Invoice Integration, tailor-made e-Invoice support, e-Invoice archiving, e-Ledger application services – as well as online banking solutions through its e-Commerce portal in Turkey. Since September 2013, companies in Turkey have to comply to new mandatory requirements in e-invoicing. Please click here to download and examine the detailed offering of eFinans, especially for BCCT (Britisch Chamber of Commerce of Turkey) members.
Read MoreSo, as of 1 April with the entry into force of Ministerial Decree nº 340/2013:
- the obligation of compliant electronic invoicing solutions extends to all businesses issuing electronic invoices.
- any company that do not use certified billing software, can be liable to penalties.
- all software developed in-house by companies will no longer be considered valid, even if it follows the XML file construction criteria with inclusion of the fields deemed mandatory by the tax authorities.
