- U.K. Chancellor Rachel Reeves has launched a public e-invoicing consultation to promote wider use of e-invoicing and real-time reporting in Britain
- The consultation aims to gather feedback from U.K. businesses on how HMRC can support e-invoicing adoption
- Minister James Murray will oversee strategic priorities for HMRC, including closing the U.K. tax gap and modernizing the VAT system
- E-invoicing can reduce administrative tasks, improve cash flow, boost productivity, and help close tax gaps
- The uptake of e-invoicing and real-time reporting is increasing globally, with many countries mandating its use
- Ireland’s e-invoicing consultation in 2023 aimed to simplify the tax system and close the VAT gap
- Over 1,000 businesses in Ireland voiced their opinions during the consultation
Source: avalara.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
