Brussels, 09/01/2013 (Agence Europe) - New VAT invoicing rules (EU Directive 2010/45/EU) came into force on 1 January 2013 across the EU (see EUROPE 10180) to reduce red tape and administrative costs for companies by making electronic invoicing easier and avoiding cashflow problems by making it possible to pay the VAT when companies are themselves paid (rather than the invoice date).
The new directive puts electronic and paper invoices on an equal footing so that companies can choose...