2 minute read

EU Commission passes new directive on mandatory use of Peppol CTC

Nota bene: The information in this post is fictional and was an April fools’ joke.

Yesterday afternoon the EU passed a long awaited directive (2022/64/EU), becoming effective today, requiring all EU member states to make Peppol CTC mandatory for national e-invoicing initiatives from 1 October 2022.

The fast move follows the conclusion of a public consultation, launched by the commission in January last year, which was tasked with identifying ways to further combat VAT fraud and improve supply chain sustainability in the wake of the recent pandemic. [In 2019 the European Commission calculated the total value of lost VAT revenue to be approximately 135 billion EUR]. The directive also notes that the drastic step has been taken in order to provide consistency and combat the proliferation of disparate, uncoordinated regulations that have been introduced across the continent over the past few years.

Though the EU Commission’s desire to push member states towards a consistent approach to continuous transaction control (CTC) has long been known, the proximity of the deadline outlined in the new directive has come as a surprise to many. Similarly, the breadth of the proposed mandate – covering all B2B, B2C and B2G transactions in Europe – far exceeds what many commentators predicted.

What the new directive means for businesses

While introducing the new mandate so quickly will mean big changes for governments, the opportunities for businesses are impressive. Many countries have already introduced mandatory e-invoicing requirements for suppliers of public bodies in recent years. In addition many countries plan to introduce further requirements for B2B and B2C e-Invoicing, following the success of the Italian model introduced in 2019. However, in most countries these existing and upcoming regulations are non-standardised implementations, using custom Web Service interfaces and custom XML standards for invoice transmission.

With the introduction of the new directive (2022/64/EU) businesses can simply use Peppol in order to fulfil these requirements – independent of the country they operate in.

The significance of the date

Following the shock announcement yesterday, much of the reaction has centred around the tight timescale and the deadline of 1 October. However, more important than this deadline is today’s date: 1 April. April fool! We hope this didn’t cause you to panic too much!

 

Subjects

most read

Keep on reading

2 minute read

New FatturaPA Specifications Introduced

New FatturaPA specifications (version 1.7.1) will be available from 1 October 2022. See what the changes are and what this means for you.

5 minute read

E-invoicing and Peppol in Japan

E-invoicing in Japan via Peppol will soon become the norm. In this article we explore the recent developments and what they mean for you.

7 minute read

B2G and B2B E-invoicing in Poland at a Glance

The VAT gap has been a topic of particular interest for Polish authorities in recent years. In this article we explore the B2G and B2B invoicing regulations they are using...

5 minute read

B2B E-invoicing in Poland - Key Facts and Deadlines

Updated on an ongoing basis, this article covers all the relevant details and dates concerning B2B electronic invoicing in Poland.

5 minute read

B2B E-invoicing in France - Key Facts and Deadlines

Updated on an ongoing basis, this article covers all the relevant details and dates concerning B2B electronic invoicing in France.

5 minute read

B2G and B2B E-invoicing in France

France intends to go further than others in terms of mandatory e-invoicing across B2G and B2B sectors. This article offers a helpful overview.

4 minute read

Peppol in Singapore

Looking to exchange documents with partners in accordance with Singapore's Peppol regulations? Learn more about Peppol in Singapore here!

8 minute read

Sistema di Interscambio (SdI) Reporting to Replace Esterometro Declarations in 2022

From 2022 all Italian businesses must use Sistema di Interscambio (SdI) instead of Esterometro declarations for cross-border tax reporting.

4 minute read

What is a Peppol Access Point?... and other Peppol connection FAQs

What is a Peppol Access Point, why do you need one, how do you find one... and other key Peppol connection questions answered.

3 minute read

ecosio at The E-invoicing Exchange Summit Vienna

ecosio will be exhibiting at the 2021 E-invoicing Exchange Summit. Find out what's in store and how you can join us!

7 minute read

What is Peppol?

Usage of Peppol is growing fast across Europe and beyond. But what is Peppol, how does Peppol work, and what advantages does it offer?

6 minute read

Seven Things to Consider When Selecting a Peppol Access Point

Need help selecting a Peppol Access Point or planning on becoming one yourself? Read our article to find out what both processes involve.

We use cookies to provide an optimal website experience. You decide which one you want to allow. Depending on the setting, however, not all functionalities may be available to you. Data protection & Imprint.