- Revision of EN 16931-1 Standard: CEN’s Technical Committee 434 (CEN/TC 434) is revising the EN 16931-1 e-invoicing standard to align with upcoming legislative changes, including the ViDA proposal and Germany’s B2B e-invoicing mandate effective January 1, 2025.
- Purpose of Revision: The standard, initially for Business-to-Government (B2G) transactions, is being updated to cover Continuous Transaction Controls (CTC), tax reporting, and business sector e-invoicing to meet new regulatory requirements.
- Expected Enhancements: Updates will include ViDA-driven requirements (IBANs, margin schemes, goods/services indicators), business e-invoicing features (support for multiple orders, XML attachments), B2B VAT improvements (new VAT codes, exemption reasons), and advanced invoice management (issuance times, payment details, early payment discounts, multiple buyer IDs).
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