VAT INVOICES

Keith Nuthall
POLITICAL difficulties blocking the agreement of common European Union invoicing rules, that would sanction the legitimacy of electronic billing for VAT purposes across the EU, have been cleared.

The EU Council of Ministers, (finance), has unanimously agreed in principle the proposed new invoicing directive. It is due to be implemented by Member States by January 1, 2004.

Its provisions lay down a single and simplified set of rules on invoicing for businesses across the EU. They stipulate that ten mandatory general items of ...


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