- UK to Publish E-Invoicing Consultation: On 30 October 2024, the UK government confirmed it will publish a consultation in early 2025 to establish standards for adopting electronic invoicing (e-invoicing) within the UK.
- Budget Announcement: Chancellor of the Exchequer Rachel Reeves announced the upcoming consultation during the UK Budget presentation on 30 October 2024, highlighting its importance for creating a future-ready digital VAT system.
- Learning from Others: The UK aims to benefit from the experiences of other countries that have already implemented e-invoicing, tailoring successful approaches to fit the UK’s specific needs. This understanding and adaptation will be a key focus of the Government consultation.
Source EY
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