- HMRC will launch a consultation on e-invoicing to promote its wider use
- E-invoicing could reduce administrative tasks, improve cash flow, boost productivity, introduce automation, and reduce errors in tax returns
- The consultation will seek input from businesses on how HMRC can support investment in and uptake of e-invoicing
- E-invoicing is a long-accepted form of commercial data exchange and is becoming important for regulatory authorities
- Details of the UK consultation are yet to be announced, but it shows a global trend towards e-invoicing and HMRC’s objective to drive digital transformation
Source: taxscape.deloitte.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.
