By Sarah Left, 22 November 2000 10:55
NEWS PwC tax expert, Ine Lejeune, said the proposed directive will form the core of the European Commission's e-Europe initiative by removing the barriers to sending fast, cheap electronic invoices to business partners. At the moment, some EU countries - such as Greece and Luxembourg - do not allow electronic invoices. Others - like Germany - require businesses to print out a copy of all invoices even if the company is using EDI. However, PwC is concerned that loopholes in the law will allow member states to create special conditions that could effect the way businesses share invoices. If countries create exceptions it could stop a business from using a single ERP or EDI system across all its European operations. Lejeune said the Commission is hoping to see national legislation in place on VAT harmonisation by July next year. She said: "Normally there is an 18-month gap between issuing a directive and the need for national legislation. But the Commission is making it clear to everyone that this is a priority for businesses."
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