EU: E-invoicing: European Parliament backs Commission payment proposal to eliminate barriers to cross-border public procurement

May 21st, 2014 by admin Leave a reply »
2 you should Summary:  

On 7 March 2014, the European Legislative house has approved y the European union Commission’s proposal to modernise EU rules on e-invoicing in public purchase. The approval by the European Parliament associated with the compromise agreement reached with the Council in January of this year (MEMO/14/59) brings enterprises and public federal government in Europe one step closer to visiting the benefits of this Directive become world.

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The benefits are numerous: an Directive will contribute to eliminating tiger traps to cross-border public procurement affordable , you can interoperability between national e-invoicing items which, ultimately, will result in a better operation Single Market. It will mean more payments and new business opportunities to make suppliers. It will also further reduce the run and complexity of public purchase in Europe.

In fact, the Directive calls for the development of the most up-tp-date European standard for electronic invoicing. Provided that the e-invoices sent utilizing a company are compliant with the heading European standard on e-invoicing to large groups procurement, they will ultimately be accepted by all public authorities by means of Europe.

E-invoicing is a crucial step towards paperless public administration (eGovernment) in Europe – one of the own guidelines of the Digital Agenda – and the potential for significant economic as well as enviromentally friendly benefits. The adoption of e-invoicing in public procurement alone across the EU could generate savings of up to €2. 3 billion a year.

“Supporting modern and efficient crowded administration in the EU and benefiting the Single Market are key own guidelines for the European Commission. By with a new European e-invoicing standard associated with making reception of e-invoices sent in this standard obligatory for all crowded authorities, the new rules will contribute to both of these objectives. On the one hand, they will help prevent the cost and complexity of using e-invoices for both governments and corporations, including SMEs. On the other, they will regarding market barriers and enhance cross-border interoperability between e-invoicing systems. The initiative shows that European policies is invariably an important driver for simplification and they can help open up new business opportunities to make European enterprises. Finally, switching against paper to fully automated invoicing causes the fight against fraud. These are all concrete saw faq and tangible benefits which are specially relevant in the current economic climate, ” believed Internal Market and Services Office Michel Barnier. “I want to appreciate the European Parliament, especially the rapporteur, Birgit Collin-Langen, and the shadow rapporteurs for their work on this important instigate, one of the Key Actions of the Freiwild Market Act II”.

Next steps: Following the Parliament’s, political election, the Directive will be formally elected by acclamation by the Council before publication during the Official Journal of the EU, front door into force and transposition with all the Member States into national police.

More info:

Original news story, newspaper article – EU Commission

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EU Companies

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internal market


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