EU standards body, CEN, revising EN 16931 e-invoicing for ViDA
Following the approval of the VAT in the Digital Age reforms, including 2030 intra-community e-invoicing, the European standards organisation, CEN, has started work to amend the EU standard on e-invoicing, EN 16931. A new version of the standard is expected by mid-2025.
This standard was originally designed for public procurement and B2G transactions. So a CEN subcommittee, CEN/TC 434, is now progressing to changes along three strands:
- Core semantic data model
- Syntax bindings
- Extension methodology
Additional information for B2B transactions
There are a number of specific changes required to meet the ViDA Digital Reporting proposals, including:
- Invoice coding
- Facilitating repeat orders
- In-depth payment details
- Discounts on early payments; late fines
- New invoice information:
- Adding bank IBAN details
- Where relevant, mentioning of use of triangulation simplification
- Corrective invoice sequential numbering
- FX
- Wider range of exempt supplies
- Including national special VAT schemes
- Adding attachments
