Monday 13th November, 2017
The European Committee for Standardisation (CEN) along with the European Commission held a recent launch event to mark the publication of the European standard on eInvoicing in the Official Journal of the European Union.
The publication of the standard is a major milestone towards the digitalisation of public procurement in Europe and marks an important step towards realising the Digital Single Market.
The launch of the next big step for B2G eInvoicing kicked-off the implementation stage in EU Member States and EEA countries. According to the directive 18-months are required for implementation after the publication of the standard, the deadline is 18th April 2019.
As defined in Directive 2014/55/EU an electronic invoice is an invoice that has been issued, transmitted and received in a structured electronic format that allows for its automatic and electronic processing.
The European Commission mandated CEN to define the standard in accordance with Directive 2014/55/EU on electronic invoicing in public procurement.
According to European Commission, this year there is a total of €10 million grant funding available to support eInvoicing respecting the European standard. The deadline for submissions is 28th November 2017.