- EU Commission issues guide on Tax Codes for e-invoicing
- Guide uses EN 16931 standards
- Aim is to promote consistency in applying tax codes in specific scenarios
- EN 16931 standard required for public entities and widely used in B2B transactions
- Technical guidance for tax codes in EN 16931 includes use cases for VAT
- Use cases include exceptions, intracommunity supply, reverse charge, exports, VAT in financial services, and margin VAT for travel services
Source: p2pnetwork.org
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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