Invoice and Simplified Invoice: what's the difference?
Posted: Thu Dec 05, 2024 10:43 am
An invoice (invoice, simplified invoice or invoice-receipt) must be issued whenever a product is sold or a service is provided.
Differences between Invoice and Simplified Invoice
Customer Data
It is not mandatory to include customer data on a line phone number data invoice, although it should be included if requested by the customer. On an invoice, whenever a transaction involves an end consumer with a value greater than €1,000, it is mandatory to include the customer's name and address.
Date of Issue
A simplified invoice can only be issued at the time of purchase or acquisition. An invoice may be issued on a date other than the date on which the goods or services are supplied.
Limit Value
The simplified invoice can only be issued up to €1000 (in the case of products) or €100 (in the case of services). There is no limit value for a sale or provision of services on an invoice.
Settlement
Simplified invoices are automatically settled. Invoices themselves require the issuance of a receipt (or invoice-receipt, which combines both actions into a single document).
Transport Guide
A simplified invoice is not valid as a transport guide as it does not provide information about the loading and unloading location. On the other hand, an invoice may serve as a transport guide if this information is mentioned in it.
Invoice Elements
Both an invoice and a simplified invoice must contain the following elements :
Date of issue;
Company name of the supplier of goods or service provider;
Tax identification number of the supplier of the goods or provider of the services;
Name and quantity of goods transacted or services provided;
Net price, applicable taxes and the amount of tax due, or the price inclusive of tax and the applicable tax/taxes.
In the case of invoices, in addition to the elements mentioned above, others are added:
Invoice number (sequential numbering);
Name or company name of the recipient of goods or services;
NIF of the recipient of goods or services;
Reason justifying the non-application of the tax;
Date on which the goods were made available or the services were performed if the date does not coincide with the invoice issue date.
Differences between Invoice and Simplified Invoice
Customer Data
It is not mandatory to include customer data on a line phone number data invoice, although it should be included if requested by the customer. On an invoice, whenever a transaction involves an end consumer with a value greater than €1,000, it is mandatory to include the customer's name and address.
Date of Issue
A simplified invoice can only be issued at the time of purchase or acquisition. An invoice may be issued on a date other than the date on which the goods or services are supplied.
Limit Value
The simplified invoice can only be issued up to €1000 (in the case of products) or €100 (in the case of services). There is no limit value for a sale or provision of services on an invoice.
Settlement
Simplified invoices are automatically settled. Invoices themselves require the issuance of a receipt (or invoice-receipt, which combines both actions into a single document).
Transport Guide
A simplified invoice is not valid as a transport guide as it does not provide information about the loading and unloading location. On the other hand, an invoice may serve as a transport guide if this information is mentioned in it.
Invoice Elements
Both an invoice and a simplified invoice must contain the following elements :
Date of issue;
Company name of the supplier of goods or service provider;
Tax identification number of the supplier of the goods or provider of the services;
Name and quantity of goods transacted or services provided;
Net price, applicable taxes and the amount of tax due, or the price inclusive of tax and the applicable tax/taxes.
In the case of invoices, in addition to the elements mentioned above, others are added:
Invoice number (sequential numbering);
Name or company name of the recipient of goods or services;
NIF of the recipient of goods or services;
Reason justifying the non-application of the tax;
Date on which the goods were made available or the services were performed if the date does not coincide with the invoice issue date.