VAT Aspects of Electronic Invoicing and e-Commerce - Softcover

Wille, P.; Govers, M.; Smeytere, I. De

 
9789050951425: VAT Aspects of Electronic Invoicing and e-Commerce

Synopsis

Currently European Community legislation and national legislations do not allow using electronic invoicing in a business friendly way. Electronic invoicing frequently reflects cross border transactions and related VAT issues.

Electronic invoicing means that an invoice is processed and sent by the supplier's IT-system and received and processed by the customer's IT-system. Hence, electronic invoicing is not simply sending an invoice by e-mail. Companies cannot work efficiently within the EC as long as there are as many different legal systems as Member States.

Although expert systems like iVAT will help companies to automate invoicing and assist them in tackling their daily struggle with complex VAT rules, EC legislation needs to be harmonised in order to facilitate the use of electronic invoicing. This book gives an overview of the current status in the different Member States as well as some propositions relative to the harmonisation of EC regulation with respect to electronic invoicing. 

About VAT Forum 

VAT Forum is a network of indirect taxation specialists. These specialists can be consultants, university researchers or government officials. The aim of VAT Forum is to gather information on indirect taxation and to distribute this information to its members, which consist mainly of multinational companies. Next to the distribution of information, VAT Forum also defends the interest of companies relative to indirect taxation. VAT Forum aims at doing proactive and constructive lobbying. Discussion groups on different topics were set up. VAT Forum also organises an International School of Indirect Taxation. Contact us on info@vatforum.com.

"synopsis" may belong to another edition of this title.

From the Back Cover

Currently European Community legislation and national legislations do not allow using electronic invoicing in a business friendly way. Electronic invoicing frequently reflects cross border transactions and related VAT issues.

Electronic invoicing means that an invoice is processed and sent by the supplier's IT-system and received and processed by the customer's IT-system. Hence, electronic invoicing is not simply sending an invoice by e-mail. Companies cannot work efficiently within the EC as long as there are as many different legal systems as Member States.

Although expert systems like iVAT will help companies to automate invoicing and assist them in tackling their daily struggle with complex VAT rules, EC legislation needs to be harmonised in order to facilitate the use of electronic invoicing. This book gives an overview of the current status in the different Member States as well as some propositions relative to the harmonisation of EC regulation with respect to electronic invoicing.

About VAT Forum

VAT Forum is a network of indirect taxation specialists. These specialists can be consultants, university researchers or government officials. The aim of VAT Forum is to gather information on indirect taxation and to distribute this information to its members, which consist mainly of multinational companies. Next to the distribution of information, VAT Forum also defends the interest of companies relative to indirect taxation. VAT Forum aims at doing proactive and constructive lobbying. Discussion groups on different topics were set up. VAT Forum also organises an International School of Indirect Taxation. Contact us on info@vatforum.com.

"About this title" may belong to another edition of this title.