All 15 Member States of the European Union will be compelled to recognise the validity of electronic invoices if a directive proposed by the European Commission is adopted by member governments. Frits Bolkestein, commissioner for taxation policy, said new technologies made it necessary that updated harmonised rules covering VAT within the Community were introduced ‘urgently’.
Electronic invoicing could cut invoicing costs from £1.40 to about 40p per transaction compared to a paper document, he said. A move to electronic invoicing would encourage development of e-commerce currently hampered by ‘obsolete’ invoicing in the EU.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.