The UK’s tax authority, His Majesty’s Revenue and Customs (HMRC) launched a 12-week public consultation (Promoting electronic invoicing across UK businesses and the public sector) regarding the adoption of electronic invoicing (e-invoicing) across UK businesses and the public sector on 13 February 2024.
The consultation seeks to collect feedback from businesses, industry professionals, and stakeholders regarding the possible standardisation and expansion of e-invoicing in the UK.
Businesses, organisations, and individuals interested in e-invoicing, whether already using it or considering its future adoption, are encouraged to share their feedback.
E-invoicing is the digital exchange of invoice information directly between buyers and suppliers. It could help businesses get their tax right first time, reduce invoicing and data errors, improve the accuracy of VAT returns, help close the tax gap and save time and money. It usually results in faster business to business payments, leading to improved cash flow and less paperwork.
This will help cut down time and resources businesses spend managing their tax affairs so they can be more productive. It forms part of the Prime Minister’s Plan for Change for a tax system that supports economic growth.
The consultation will conclude on 7 May 2025. Comments can be submitted via email at einvoicingconsultation@hmrc.gov.uk.
