94 ein v043 presentation ec mr. gary wilkinson
TRANSCRIPT
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8/7/2019 94 eIN V043 Presentation EC Mr. Gary Wilkinson
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European Committee for Standardization
Comit Europen de Normalisation
Europisches Komitee fr NormungCEN/ISSS eInvoicing Phase 2 Workshop eINV043
Title : Presentation from Mr. Gary Wilkinson (EC) at the 9th meeting of CEN/ISSS WorkshopeInvoicing Phase 2, on 12 February 2009
Source : CEN/ISSS
Date : 2009-02-19
Status : For information
Note :
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European CommissionTaxation and Customs Union
VAT I nv o i ci ng p r oposal
CEN/ ISSS e-Invoicing phase 2 Workshop
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European Commission /Taxation and Customs Union
Back gr oun d t o VAT i nvo i ci ng p r oposal
Legal requirement - Article 237 of VAT DirectiveThe Commission shall present, , a report and , if appropriate, aproposal amending the conditions applicable to electronic invoicing
Invoicing Directive (2001/115/EC) not fully achieve aimof simplifying, modernising and harmonising invoicingrules
Many options available to Member States
Uptake of e-invoicing still slow
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European Commission /Taxation and Customs Union
A im s o f VAT I nv o i ci ng p r oposa l
Reduce burdens on business Help achieve target of 25% reduction of admin burdens by
2012
Promote SMEs
Part of Small Business Act Increase uptake of e-invoicing
Help businesses become more competitive
Help Member States tackle fraud
Measure included in anti tax fraud strategy
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European Commission /Taxation and Customs Union
Areas cove red by VAT I nv o i ci ng p r oposal
Issuance of an invoice Contents of an invoice
Electronic invoicing
Storage of invoices
Other invoice related matters
Chargeability to tax for intra-Community supplies
Right of deduction
Cash accounting (payment not invoice creates tax point)
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European Commission /Taxation and Customs Union
Back g r o u n d w o r k
Invoicing study Available on Commission website
Includes a mapping tool
Public consultation
Results available on Commission website
64 replies from 10 Member States
Support recommendations contained in the invoicing study
Technical meeting with Member States Held in September 2008
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European Commission /Taxation and Customs Union
Pr incip l es o f t he VAT I nv o i ci ng p r oposal
Remove, as far as possible, Member States options Exempt supplies, outsourcing to 3rd parties outside the EU
Harmonise the invoicing rules
Storage periods, time limit of issuing invoices
Clarify which rules are applicable Member State of supplier or Member State of taxation
Simplify the obligations
Self-billed invoices, VAT amount in national currency
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European Commission /Taxation and Customs Union
Ch ang es t o t h e i ssu ance o f an in vo ice
When an invoice needs to be issued 15th day of the month following the supply
Summary invoices
all supplies within the same calendar month
Self-billed invoices mention self-billed on invoice
mention customers VAT number
Outsourcing
3rd party outside the EU
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European Commission /Taxation and Customs Union
Chan ges t o t he con t en t o f an i n vo i ce
Full VAT invoice
Current Article 226 with some changes Customers VAT number compulsory Date tax becomes chargeable (replace date of supply) Codes for exempt (EX) and reverse charge (RC) supplies
Simplified VAT invoice
Current Article 238(2) Date of issue Identification of supplier Nature of goods or services supplied and value VAT amount
Currency of VAT amountECB rate when tax becomes chargeable
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European Commission /Taxation and Customs Union
Elect r on ic in vo ices
Equality of treatment between paper and e-invoices Removal of Article 233 (EDI, e-signatures)
Non-discrimination article 218a
Acceptance by the customer removed
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European Commission /Taxation and Customs Union
Chan ges t o t h e st o r age o f i n vo i ces
Storage period Harmonised at 6 years
Place of storage No restrictions, no notification
Must be available without undue delay
Electronic storage Paper invoices can be stored in electronic form
Translation of invoices Member States must specify which particular invoices
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Mem ber St a te w he re r u l es a re app l i cab le
Issuance of an invoice Member State where the supplier is identified for VAT and
from where supply is made
Member State of customer if cross border reverse charge
Storage of invoices
Issuer of invoice Member State where the supplier isidentified for VAT
Recipient of invoice Member State where the customer is
identified for VAT
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European Commission /Taxation and Customs Union
Ot her chan ges i n t he VAT I nv o i ci ng p roposa l
Chargeability for I-C supplies When the supply takes place (no longer 15th day of following month) Invoice no longer creates a chargeability to tax Same rule for EC acquisitions
Right of deduction
Must hold a valid invoice for right of deduction, even for reversecharge
Cash accounting Derogation given to UK, Sweden and Slovenia extended to all Member
States
Optional scheme for supplier with turnover less than 2million Account for all supplies and purchases on cash basis Recipient can have immediate right of deduction
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European Commission /Taxation and Customs Union
Nex t st eps
Discussion in Council Likely to begin in March 2009
Need unanimity
European Parliament and Economic and Social Committee
Must give their opinion
Date for implementation 1 January 2013