Royal Decree number 87 Amendments to Billing Regulations. Ministerial Mandate number EHA뭚 of April 10th (entered in the Federal Registry on April 14th, 2007), which further develops specific provisions for telematic billing and digital storage of invoices, elaborating on Royal Decree number 1496 of November 28th, where the regulations governing billing_related obligations were adopted. Ministerial Mandate number PRE of October 5th (entered in the Federal Registry on October 15th, 2007) concerning invoices issued through electronic means when the recipient is the General State Administration or a public organization associated with or dependent on it, as well as the submission of invoices issued by individuals to the General State Administration or the public organizations that are associated with or dependent on it. Various self_governing provincial councils (in Alava, Guipuzcoa, Navarra and Vizcaya) have reproduced these same regulations, appending a translation of them in Basque dialect.
Invoice example With GST & PST An invoice not only shows the customer or client how much money is due but provides tax information, in some countries multiple taxes may apply, for example in Canada it is required to put the Supplier's identification numbers for GST and QST taxes purposes. Whenever a taxable sale is made, the customer must be informed that GST and QST are added to the selling price. As there are no standard invoices required by law for this purpose, you must indicate the amount of the taxes on the cash register receipt; on the invoice or contract remitted to the customer. If you choose to indicate the GST and the QST, the amounts must be stated clearly.The European Union requires a VAT (value added tax) identification number on invoices between entities registered for VAT.
An additional benefit of the solution is that IMS reduces the possibility of duplicates being paid, the system includes validation that picks up possible duplicates and alerts the AP team. This will reduce the estimated Â£80ꯠ per year that was previously being spent on duplicate invoices. Summary of key benefits : Increased control _ Increased efficiency _ Reduction in AP headcount by 4 people _ Elimination of manual data entry _ Reduction in lost invoices _ Elimination of duplicate invoices _ Reduction in time spent locating and chasing invoices.