As automotive suppliers worldwide prepare for upcoming MMOG assessment cycles, the MMOG assessment tool—developed jointly by Odette and AIAG—continues to serve as the de-facto standard process automotive companies rely on to assess logistics capability, operational performance and supplier readiness.
As the EU's VAT in the Digital Age (ViDA) initiative moves towards implementation and Digital Reporting Requirements (DRR) continue to evolve, automotive companies face a rapidly changing e-invoicing landscape. Recent discussions within the Odette invoicing community highlighted key developments in European standards work, national implementation programmes and ongoing efforts to maintain interoperability across diverse invoicing environments.
As electronic invoicing requirements continue to expand globally, an increasing number of companies are required to receive invoices in structured electronic formats, often based on the CEN EN 16931 standard.
An increasing number of EU member
states are obliging their companies to be able to receive invoices in a
structured electronic format (often according to the EN16931 standard invoice).
Use the Odette Invoice Viewer
& Converter if you need to accept UBL and CII invoices from your business
partners but are not ready to process them. The tool is available free of
charge.
The European automotive industry fully recognises the benefits to be gained from eInvoicing. After all, we have been doing it for the past 40 years! We also recognise the desire of EU tax authorities to introduce a single eInvoicing standard in an attempt to close the so-called ‘VAT Gap’ but we must strive to ensure that current, well established automotive eInvoicing practices continue to be accepted. We are pleased to report that progress is being made on this front.
The EU ViDA legislation is fast approaching and the non-alignment of the proposed legislation with current automotive industry practices would undoubtedly generate significant costs for all actors of the automotive supply chain. Odette is therefore working with CEN (European Committee for Standardisation) to integrate automotive requirements in the legislation and to protect 40 years of successful experience with B2B invoicing via EDI.
After 40 years of successful experience with electronic invoicing via EDI (mainly using EDIFACT standards), the automotive industry in Europe is approaching a critical juncture with the advent of the EU ViDA Directive.
The automotive industry was in the vanguard of the einvoicing movement and has been exchanging invoices and other financial documents using structured digital messages for more than 40 years. But are our long-established procedures and standards now under threat from governments and tax administrations across the world looking to intervene in the einvoicing process in an attempt to reduce tax fraud and close the VAT gap?
