The European standards organization (CEN) has approved updates to the EN 16931-1 semantic standard to align with upcoming legislative changes, including the VAT in the Digital Age (ViDA).
Background
CEN TC 434 was established in 2014 to create a common standard for electronic invoicing. The European standard is composed of six parts, including the semantic data model EN 16931-1:2017. The European Standard establishes a semantic data model of the core elements of an electronic invoice. The…