![]() In addition to cookies that are strictly necessary to operate this website, we use the following types of cookies to improve your experience and our services: Functional cookies to enhance your experience (e.g. Please refer to your advisors for specific advice. This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. For more information about our organization, please visit ey.com. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.ĮY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. Representatives acting on behalf of the issuers or recipients of invoicesįor additional information with respect to this Alert, please contact the following: Ernst & Young Société d'Avocats, Indirect Tax, Parisįor a full listing of contacts and email addresses, please click on the Tax News Update: Global Edition (GTNU) version of this Alert.ĮY | Assurance | Consulting | Strategy and Transactions | TaxĮY is a global leader in assurance, consulting, strategy and transactions, and tax services.IT service providers responsible for managing platforms.Third-party remote transmission operators.Software editors of dematerialized exchange platforms.Software editors of financial solutions.Public legal entities issuing or receiving invoices.All companies issuing or receiving invoices.The agency states that the external specifications are subject to change to comply with subsequent legislation. It also specifies essential points such as formats, the directory and exchange protocols. This document is not a user guide but provides all e-invoicing stakeholders with a functional overview of the target solution for business-to-business exchanges. This document specifies the requirements for submission, reception and transmission of e-invoices, retrieving information on the invoice life cycle, and transmission of data to the tax authority in the context of international business-to-business transactions and transactions between businesses and end consumers in France. It contains documents describing the formats for exchanges with the public invoicing portal (or certified third-party platforms) in the context of the extension of e-invoicing to all transactions between entities subject to VAT and e-reporting of international transactions and business-to-customers sales (resulting from final adoption by the Parliament in Article 26 of Amended Finance Bill dated August 16, 2022). The French Agency for State Financial Information Technology published the External specification file for electronic invoicing, which is now also available in English. To improve real-time knowledge of business activity.To improve fraud detection, in the interest of economic operators acting in good faith.To eventually simplify VAT reporting obligations by pre-filling the declaration form.To simplify business life and enhance competitiveness through the reduced administrative burden, reduced payment times and productivity gains resulting from e-invoicing.The French Government states that this reform has four objectives : The reform follows on from the requirement for e-invoicing for all business relations with the public sector. It covers invoices for all transactions between entities subject to VAT issued in electronic form and provides that the data they contain should be transmitted to the tax authority in real-time. The new e-invoicing system that is being introduced in France will apply from 1 July 2024. The Government has published the main detailed technical specifications for e-invoicing for discussion with businesses and software providers. ![]() The French Parliament has adopted mandatory e-invoicing and real-time reporting reform for value added tax (VAT).Į-invoicing will apply to all transactions between entities subject to VAT and the transmission of transaction data with effect from 1 July 2024.
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