Equal Treatment of Paper and Electronic Invoices in the European Union – Finally!

In March 2010, the Ecofin Council reached political agreement on new invoicing rules, particularly aimed at treating electronic invoicing on the same footing with traditional paper invoicing. The new Invoicing Directive finally brings the long awaited framework for e-invoicing, enabling businesses to kick off their e-invoicing projects and achieve the expected return on investment in this field. In this article, the authors analyse the details of the new rules on e-invoicing.