Creation date: October 19, 2017
A reference to the European standard on electronic invoicing (eInvoicing) has been published in the Official Journal of the European Union. The publication of the standard is a key step towards the digitalisation of public procurement in Europe.
EU countries and the European Commission decided to introduce a European Standard for e-invoicing in response to the many e-invoice formats used across the EU. These varied formats cause unnecessary complexity and high costs for businesses and public entities.
Mass adoption of electronic invoicing (eInvoicing) within the EU leads to significant economic benefits (reduced costs, faster payments, increased accuracy...) and an increase in European business competitiveness. Supported by European legislation, acceptance of eInvoices by governments will make it easier to do business with the public sector.
To mark this important milestone, a launch event will take place in Brussels on 23 October 2017. This event represents the next big step for eInvoicing B2G as it kicks-off the implementation stage in EU Member States and EEA countries. It also represents an important step towards realising the potential of the Digital Single Market. Register here
More information on the 2017 CEF Telecom eInvoicing call (open until 28 November) here
More information about the CEF eInvoicing Building Block here