- Government is consulting on electronic invoicing to promote its use in UK 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 and whether it should be voluntary or mandatory.
- The government is not looking to implement a centralized e-invoicing model but may consider a centralized data share model.
- The consultation is open until May 7, 2025.
Source:
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.
