What is the purpose of structured billing information?
The billing information can be used to automate accounts payable. In other words, as the invoice recipient, you receive information such as the invoicing issuer's VAT number or the VAT amount in a standardized and structured form that your accounting software can read in automatically.
Do I have to enter the billing information when I issue an invoice?
The use of this function is voluntary. Whether you have to enter billing information depends on what you have agreed with the invoice recipient.
What information does the billing information contain?
Each industry is basically free to decide which information from the invoice issuer to the bill recipient is useful. Up to now, only the syntax of Swico (trade association of the ICT and online industry) has been defined in the “Recommendations on the structure of information from the invoice sender for QR-bills”.
What does "ultimate debtor" mean and what happens to his data?
An ultimate debtor is a person who receives a QR-bill. Data on the ultimate debtor must be forwarded from the debtor's institution to the creditor's institution in accordance with the agreement with the debtor, provided that this data is transmitted by the debtor in the payment order and no instructions to the contrary or special agreements with the debtor preclude forwarding.