What type of invoice to use
Posted: Wed Dec 18, 2024 3:56 am
In this article you will learn about the different types of invoices and the latest legal developments that affect your choice.
Among the types of invoices, electronic invoices are enjoying significant technical and regulatory momentum.
Each type of invoice responds to specific needs, both of users and of tax control.
When talking about types of invoices , it is normal for a small shiver to run through every entrepreneur. After all, there are obligations and voluntary options that can or should only tokelau email list be used in certain circumstances. If you make a mistake, you can face management errors, problems in customer relations and tax penalties.
Download the FREE guide “The art of getting paid (on time)”
Furthermore, technological and regulatory change may seem slow, but it is continuous. Therefore, you must keep an eye on the latest developments in legal requirements and billing solutions . This is the way to always be up to date with the best practices. But don't worry! Fortunately, the Government, billing software providers, advisors and other professionals will accompany you along the way.
New types of invoices in 2024
Full invoice versus simplified invoice
Ordinary, corrective or summary invoice
Invoice options: Proforma, copy or duplicate
New types of invoices in 2024
In 2024, we will experience a transition that will change a type of invoice that we already knew and will introduce another one:
Electronic invoicing will undergo two important changes.
It will become mandatory when your client is another businessman or professional .
A regulation will come into force that will guide many technical and content aspects.
In a few months, verifiable invoices will appear in the VERI*FACTU system . The issuer may, voluntarily, indicate in them that it is being sent to the AEAT and that, therefore, this invoice is verifiable by the recipient. To do this, the issuer must insert the expressions verifiable invoice in the AEAT electronic office or VERI*FACTU . Then, it is up to the recipient to decide whether to also send to the AEAT part of the information that has reached them through this invoice. In this way, the concordance between what their supplier communicates to them in the invoice and what they declare to the Treasury can be verified.
Neither of these is likely to be fully operational by 2024, but preparations are in order:
Electronic invoicing has been around for years. However, a royal decree is expected to be approved in 2024 to determine the technical and information requirements for electronic invoicing. In any case, from the time of its approval, you will have between one and two years (depending on the size) to adapt.
In the case of verifiable invoices, we are still waiting for a ministerial order . This must develop many technical aspects. Once it is approved, if everything goes according to plan, the AEAT will have a maximum of 9 months to start up the service for receiving verifiable invoices.
Sage
Full invoice versus simplified invoice
There are two types of invoices that are established based on compliance with more or less content requirements :
The simplified invoice , the successor of what was formerly called a ticket, allows certain details to be omitted. It is permitted in certain cases:
In any type of simplified invoice.
For invoices of less than 400 euros from all types of sectors.
In certain operations, detailed in article 4.2 of the billing regulations , when the amount is less than 3,000 euros.
The full invoice is the one used for all other cases or when you voluntarily decide so . It includes the mandatory mention of further details.
Start of marked textSHARE! The types of invoices are subject to change. Take note of the protagonists of 2024!
Among the types of invoices, electronic invoices are enjoying significant technical and regulatory momentum.
Each type of invoice responds to specific needs, both of users and of tax control.
When talking about types of invoices , it is normal for a small shiver to run through every entrepreneur. After all, there are obligations and voluntary options that can or should only tokelau email list be used in certain circumstances. If you make a mistake, you can face management errors, problems in customer relations and tax penalties.
Download the FREE guide “The art of getting paid (on time)”
Furthermore, technological and regulatory change may seem slow, but it is continuous. Therefore, you must keep an eye on the latest developments in legal requirements and billing solutions . This is the way to always be up to date with the best practices. But don't worry! Fortunately, the Government, billing software providers, advisors and other professionals will accompany you along the way.
New types of invoices in 2024
Full invoice versus simplified invoice
Ordinary, corrective or summary invoice
Invoice options: Proforma, copy or duplicate
New types of invoices in 2024
In 2024, we will experience a transition that will change a type of invoice that we already knew and will introduce another one:
Electronic invoicing will undergo two important changes.
It will become mandatory when your client is another businessman or professional .
A regulation will come into force that will guide many technical and content aspects.
In a few months, verifiable invoices will appear in the VERI*FACTU system . The issuer may, voluntarily, indicate in them that it is being sent to the AEAT and that, therefore, this invoice is verifiable by the recipient. To do this, the issuer must insert the expressions verifiable invoice in the AEAT electronic office or VERI*FACTU . Then, it is up to the recipient to decide whether to also send to the AEAT part of the information that has reached them through this invoice. In this way, the concordance between what their supplier communicates to them in the invoice and what they declare to the Treasury can be verified.
Neither of these is likely to be fully operational by 2024, but preparations are in order:
Electronic invoicing has been around for years. However, a royal decree is expected to be approved in 2024 to determine the technical and information requirements for electronic invoicing. In any case, from the time of its approval, you will have between one and two years (depending on the size) to adapt.
In the case of verifiable invoices, we are still waiting for a ministerial order . This must develop many technical aspects. Once it is approved, if everything goes according to plan, the AEAT will have a maximum of 9 months to start up the service for receiving verifiable invoices.
Sage
Full invoice versus simplified invoice
There are two types of invoices that are established based on compliance with more or less content requirements :
The simplified invoice , the successor of what was formerly called a ticket, allows certain details to be omitted. It is permitted in certain cases:
In any type of simplified invoice.
For invoices of less than 400 euros from all types of sectors.
In certain operations, detailed in article 4.2 of the billing regulations , when the amount is less than 3,000 euros.
The full invoice is the one used for all other cases or when you voluntarily decide so . It includes the mandatory mention of further details.
Start of marked textSHARE! The types of invoices are subject to change. Take note of the protagonists of 2024!