The Hidden Features of EU Invoicing Directive 2010/45

In this article, the author discusses two aspects hidden in the new EU invoicing Directive, which will enter into effect on 1 January 2013. The first arrangement is the additional option for Member States to determine when VAT becomes chargeable in respect of transactions for which the related invoice has not been issued or has been issued late, and the second is the possibility for Member States to further develop the optional regime for cash accounting.