Invoice

Knowledge Identifier: $Invoice

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Invoice

Commercial document issued by a seller to a buyer, relating to a sale transaction and indicating the products, quantities, and agreed prices for products or services the seller has provided the buyer add

Category: Economy

Launched in 1998.

Country: (100%)

Main connections: XML, European Union value added tax

Linked to: Open Application Group Integration Specification, European Committee for Standardisation, European Committee for Standardization

 

Timeline


 

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1998

The $ XML message format for electronic invoices has been used since the inception of XML in 1998 add something


2001

Open Application Group Integration Specification has included an invoice since 2001 add something


2006

The European Union value added tax union - "Council Directive 2006/112/EC of 28 November 2006 on the common system of value added tax" article 226 is a concise definition of invoices within the union member states add something

 

The European Union value added tax union - "Council Directive 2006/112/EC of 28 November 2006 on the common system of value added tax" article 226b is a concise definition of Receipts within the union member states add something


2008

On 16 October 2008, 14 companies and the Czech government signed a declaration to use this format within one year in their products add something


2009

Agreement has been made between UBL and UN/CEFACT for convergence of the two XML messages standards with the objective of merging the two standards into one before end of 2009 including the provision of an upgrade path for implementations started in either standard add something


2010

In the European Union legislation was passed in 2010 in the form of directive 2010/45/EU to facilitate the growth of Electronic Invoicing across all its member states add something


2011

It is estimated that in 2011 alone roughly 5 million EU businesses will have sent Electronic Invoices add something