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US and EU set sights on harmonising e-invoicing

Wednesday 10th April, 2024

At the beginning of April, representatives from the United States and the European Union held the sixth ministerial meeting of the Trade and Technology Council. The conference aimed to enhance trade and technology cooperation in several aspects.

The meeting resulted in significant progress toward enhancing e-invoicing interoperability between the two regions. The joint statement included a declaration outlining key objectives for this endeavour. 

The US and the EU have both embraced essential principles for successful e-invoicing, which include:

• Connect once, connect with everyone
• No roaming fees between Access Points (a gateway linking buyers, sellers and service providers)
• Open exchanges where users are free to choose their AP.

Additionally, the plan is to discuss further the alignment between the US and EU e-invoicing specifications and standards to foster interoperability better considering the following three pillars:

Flexibility of the data structure - Certain parts of the invoice data structure should be standardised, while there should be room for adjustment to accommodate varying business information and legal requirements.

Payload alignment - The data exchanged in e-invoices should be business and technically compatible.

Roaming establishment - Establishing roaming capabilities among service providers will ensure easy connectivity and interoperability among businesses in the US and EU markets.

Industry leaders and experts will be identified and invited for a meeting on 2 May 2024 to drive forward the pursuit of an enhanced e-invoicing interoperability initiative.

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Avalara

Avalara helps businesses of all sizes get tax compliance right. In partnership with leading ERP, accounting, eCommerce and other financial management system providers, Avalara delivers cloudbased compliance solutions for various transactional taxes, including sales and use, VAT, GST, excise, communications, lodging, and other indirect tax types. Headquartered in Seattle, Avalara has offices across the U.S. and around the world in Canada, the U.K., Belgium, Brazil, and India.