The European electronic invoicing standard, introduced by Directive 2014/55/EU, requires contracting public entities within its scope to handle e-invoices adhering to the semantic model defined in the EN 16931 invoice standard. The format has now been adopted not only in the public sector, but it is also widely used in B2B transactions.
In July, the EU Commission published the first version of Technical guidance for tax codes in EN 16931 describing how use cases for VAT should be recorded…