European Standard On E-invoicing Is On Its Way
Thomas Fillis | 1st July 2016
In April 2014, the European Parliament and the Council adopted Directive 2014/55/EC on electronic invoicing in public procurement. By 2018, all contracting authorities and contracting entities within the EU will be mandated to receive and process e-Invoices complying with the European standard. Member States can grant an extra year to their local authorities to comply with the standard.
The CEN Technical Committee on Electronic Invoicing (CEN TC 434) is currently consolidating the results. In parallel, work on syntaxes is taking place - a core component of the European Standard.
For 2016, the European Commission has made available an indicative budget of EUR 7 million for CEF eInvoicing under the Connecting Europe Facility (CEF), through grants. The grants seek to improve the interoperability and interconnectivity of the European digital service ecosystem. The CEF eInvoicing Call for Proposals will open from 13 September until 15 December 2016.
Visit the CEF eInvoicing User Community now, to see more and discuss the development and ramifications of the European eInvoicing Standard.
New to eInvoicing?
Learn more about eInvoicing on CEF Digital 2018.