THE DEATH OF THE PAN-EUROPEAN MODEL ?
TECHNOLOGY
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Europe to follow suit , particularly when they see a tangible reduction in Italy ’ s VAT gap .
According to Trustweaver , by 2025 most of the world will be using some sort of clearance model to regulate invoicing and achieve a tighter control over VAT . The next six years are clearly going to be extremely significant for the e-invoicing industry - the big question is whether 2019 is going to be the catalyst for the revolution ? Will Italy ’ s change in approach trigger a domino effect across Europe ? Spain , Portugal , Hungary , Poland , Austria and
France are already working on their own models suggesting that 2019 could be a key year for the industry .
THE DEATH OF THE PAN-EUROPEAN MODEL ?
A big concern is that these countries are setting up their own market-specific and country-specific systems rather than developing a pan-European model . The vision of a unified European standard is fading and once countries do their own thing it will be very difficult to harmonise afterwards . The existence of dozens of slightly different systems could become quite
MAY 2019