- UK government launched a consultation on electronic invoicing.
- The goal is to promote e-invoicing across businesses and the public sector.
- The government believes e-invoicing can improve productivity, cashflow, tax reporting, and reduce the tax gap.
- The consultation seeks views on standards for e-invoicing, potential benefits, and whether it should be voluntary or mandatory.
- The government is not looking to implement a centralized e-invoicing model.
- The consultation also asks for feedback on real-time reporting to HMRC.
- The government will hold business round tables and events to gather stakeholder input.
- The consultation is open until May 7, 2025.
Source: taxathand.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.
