EU approves public procurement e-invoicing standard

Public sector procurement across the EU has been given a single standard, after the Council of the European Union gave final approval to a directive.

MEPs voted in favour of a single standard earlier this year.

“In only four months we managed to reach an agreement on the directive on e-invoicing in public procurement. Key points for us – to guarantee the establishment of an effective, user-friendly and affordable standard and to give member states enough time for implementation”, said the rapporteur and German Christian Democratic Union MEP Birgit Collin-Langen at the time.

The single standards aim is to remove compatibility problems between systems, create efficiency savings and encourage greater cross-boarder work.

It is claimed a move to e-invoicing could save €2.3 billion (£1.9 billion) annually across the EU, but current use is low, at between 4 to 15 per cent of total invoices.

All public sector buyers will be required to carry out their procurement electronically by 2016

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