Hello,
Member States can set their own conditions for self-billing agreements, and these will vary. It’s important to remember that any self-billing agreement you negotiate must meet the conditions and procedures in place in the Member State in whose territory the goods or services are supplied.
- Raising electronic self-billed invoices
If you raise electronic self-billed invoices for your suppliers in other Member States, and the electronic method you use is neither advanced electronic signature nor electronic data interchange (EDI), your supplier may have a problem with the format of your invoices. This is because some tax authorities do not accept all the electronic methods of raising invoices that are permissible in the UK. You and your supplier will need to be aware of this risk before you set up a self-billing agreement together.
- Receiving electronic self-billed invoices
If you receive electronic self-billed invoices from a customer in another Member State, those invoices will need to be issued in a format which meets UK requirements and which your accounting system can accept. You and your customer will need to be aware of this risk before you set up a self-billing agreement together.
Regards
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.