Almost half of companies (46%) in Europe do not feel confident about their capability to comply with the patchwork of European e-invoicing regulations, according to new research.
The problem is exacerbated asUK firms divert the fewest resources to the process, as well as not having in-house VAT expertise (46% of all companies don’t possess any), leaving those responsible scrambling to submit accurate information within deadlines. The situation forces more than a fifth (23%) of firms to search the internet for answers to crucial regulatory questions.
Source Accountancyage
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