ViDA and VAT modernisation
eInvoicing and digital reporting changes
From April 2025, European Union (EU) countries can require businesses to use electronic invoices for transactions within their borders without needing EU approval. By July 2030, all EU businesses will be required to use a standard electronic invoice format for sales to:
- governments
- and
- businesses in different EU countries.
This will also apply to domestic transactions where Value-Added Tax (VAT) digital reporting applies.
eInvoices for intra-Community transactions will need to issue within 10 days of providing goods or services. Businesses will then have to report the eInvoice information to the tax authorities immediately, instead of submitting periodic sales reports.
These changes will require businesses to update how they create invoices and report VAT, especially if they operate in multiple EU countries.
Next: Changes for online platforms