UK Launches Consultation on E-Invoicing
UK launches consultation on e-invoicing between UK businesses and Government departments. Scope and plans still unclear.
The UK government is taking steps towards improving business efficiency and modernizing its tax system with the introduction of e-invoicing as part of a broader package of reforms aimed at boosting the economy. Chancellor Rachel Reeves has announced that HMRC will soon launch a consultation on e-invoicing, targeting both businesses and government departments.
The scope is still unclear, but according to the official announcement, the initiative seeks to streamline administrative processes, improve cash flow, and reduce errors in tax returns by automating invoicing systems.
The consultation will seek feedback from UK businesses to better understand their needs and how HMRC can support the adoption of e-invoicing across sectors. The goal is to promote investment in this technology and encourage wider usage, ultimately simplifying the tax process for businesses and government bodies alike.
Find here the official HMRC announcement.
Have a look at Marosa's overview about e-invoicing in Europe.