- Concerns were raised at a VAT Expert Group meeting about the lack of standardization in e-invoicing across EU Member States. Issues include the complexity of Peppol and varying national requirements that exceed the ViDA initiative’s scope. The European Commission clarified that while ViDA aims to harmonize e-invoicing, Member States have flexibility in implementation, and EDIFACT is not part of the EU standard. ViDA has not provided the certainty businesses hoped for, leading to a fragmented system with increased complexity and costs, especially affecting SMEs. This fragmentation complicates cross-border transactions and increases the risk of non-compliance, undermining ViDA’s goal to simplify VAT processes.
Source: meridianglobalservices.com
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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