Computing is the UK's most authoritative voice on business technology issues. Do you agree with the views of our readers from the newspaper's letters page? Computing is the UK's most authoritative voice on business technology issues. Do you agree with the views of our readers from the newspaper's letters page? Computing is the UK's most authoritative voice on business technology issues. Do you agree with the views of our readers from the newspaper's letters page?

« Prices are too high | Main | We must make a fuss about privacy »

Thursday, 27 September 2007

E-invoices are vital documents for VAT

In your editorial comment on 6 September you asked: "Is e-invoicing a government issue?"

The simple answer is that the invoice is not just a commercial document, it is also the key document for VAT, which is very much a government concern. With the best of intentions, the European Commission has legislated to allow the use of electronic invoices for VAT purposes.

Unfortunately, implementations across the community are not uniform and, as a result, there is a lack of interoperability. Overcoming this does not need a new IT system, it needs agreement on standardisation between businesses and commercial providers, and the adoption of  a common approach by the various tax authorities in member states.

This is exactly what the Commission's taskforce - made up of industry specialists - has recommended. It is challenging but achievable, and will bring enormous benefits to business throughout Europe.

Tim Lambertstock
VocaLink

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/t/trackback/1105496/21954956

Listed below are links to weblogs that reference E-invoices are vital documents for VAT:

Comments

Post a comment

If you have a TypeKey or TypePad account, please Sign In


Contacts

Powered by TypePad
© 1995-2006 All rights reserved