Commissioner Semeta welcomes agreement on VAT Invoicing
Today the ECOFIN Council agreed on a a proposal to simplify, harmonise and modernise the rules on VAT invoicing.
Commissioner Šemeta welcomed the agreement, saying "This is a good step forward in our work to reduce administrative burdens for business across Europe. An important element of this Directive is that it will remove obstacles to e-invoicing by treating paper and electronic invoices equally. When we consider that it is estimated that 18 billion euro could be saved in the medium term if all businesses were to move from paper to electronic invoicing, we can see the real added value of such legislation".