The Chancellor of HMRC, Rachel Reeves, announced a public consultation on electronic invoicing (e-invoicing) on 23 September 2024.
The public consultation will gather input from businesses on how HMRC can support investment in and encourage e-invoicing uptake. The launch date of the consultation is yet to be announced.
The introduction of e-invoicing can significantly reduce administrative tasks, improve cash flow, boost productivity, introduce automation, and reduce errors in tax returns – all helping to close the tax gap.
