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?
