Invoicing terms used in European Union

E-invoicing is the structured, machine-readable exchange of invoice data directly between supplier and buyer systems, typically through formats like PEPPOL, ZUGFeRD, FatturaPA, or ...

FatturaPA is Italy's mandatory e-invoicing format, an XML structure routed through the SdI (Sistema di Interscambio) clearance system run by the Italian Revenue Agency, which valid...

An IBAN (International Bank Account Number) is a standardised account identifier of up to 34 characters (country code, two check digits, and the local account number), used to rout...

IVA is the local name for value-added tax used across Spanish-speaking countries (Impuesto sobre el Valor Anadido in Spain, Impuesto al Valor Agregado in Mexico and Latin America) ...

PEPPOL (Pan-European Public Procurement On-Line) is a network and a set of standards for exchanging structured e-invoices and other business documents between buyers and suppliers ...

Reverse-charge VAT shifts the responsibility for accounting for VAT from the supplier to the business customer, used most often for cross-border B2B services within the UK and EU a...

SAF-T (Standard Audit File for Tax) is an OECD-defined XML standard for audit data, used by tax authorities in Portugal, Norway, France, Poland, Hungary, Lithuania, and others to r...

A tax invoice is the specific format of invoice required when a GST or VAT-registered business charges tax on a sale, including the document label ("Tax Invoice"), the supplier's t...

VAT (Value Added Tax) is a consumption tax charged at each stage of a supply chain in the UK, EU, and most other countries outside the US, ultimately paid by the end consumer and r...

A VAT number is the unique identifier a national tax authority issues to a business once it registers for value-added tax, used on every VAT invoice and to validate the business in...

ZUGFeRD is a German hybrid e-invoicing format that combines a human-readable PDF/A-3 visual invoice with embedded structured XML, so a single file works both as a document a person...