Internet and the Single Market – European companies should not have any problem doing business anywhere in the EU crossing the border of their home country. Electronic invoicing can be of immense help for people who sell goods or services across the EU countries. But the acceptance rate of electronic billing and payment solutions has been minimal.
While probing it has been revealed that due to the differences in national standards and requirements for value-added tax (VAT) most SMEs are not able to take advantage of electronic invoicing and payment solutions. Though all the member states decided upon a common VAT standard some of the factors are still prominently different; one such issue is e-signature.


