EP committee approves Casa report on invoicing
A report by MEP David Casa on VAT rules on invoicing received a resounding vote of approval by members of the EP’s Economic and Monetary Affairs Committee getting 42 votes in favour and two against.
The report calls for some fundamental changes to be made to the Commission proposal including a reduction in the storage period of invoices from six to five years.
It also proposes allowing the conversion of paper invoices into an electronic format.
The report also proposed that that it should be obligatory for member states to give SMEs the option of using a cash accounting scheme.
The report will face its final hurdle when it is put to the vote during the Strasbourg plenary session in April.
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Marc Debono
Mar 18th 2010, 14:37
Good to see that there are those trying to decrease burdens on SMEs and increase the efficiency of business - especially during this time of economic turmoil. Well done Mr Casa.
Saviour Muscat
Mar 18th 2010, 14:25
Nifrah lil David Casa ghal dan ir-rapport li m'ghandix dubju li 'ssa jghaddi mill-Parlament ukoll f'April li gej. Il-hidma tal-ewro parlamentari tal-PN qed tkun produttiva ta' vera u turi kemm david u simon flimkien kien storja ta' success ghal Malta fl-UE. Keep it up!
Joan Cassar
Mar 18th 2010, 12:45
Prosit and well done david. Another successful report in this legislation penned by you. I am proud that I voted PN and for you in the last EP elections.
Aldo Zammit
Mar 18th 2010, 10:28
Great news to reduce number of years to 5. But ooops I just remembered that for Income Tax all papers have to be kept for 9 years minimum!!!