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United Kingdom: the Road to e-Invoicing

  • UK E-Invoicing Initiative: On September 23, 2024, the UK government announced plans to encourage broader use of e-invoicing among businesses and government departments to reduce administrative burdens, enhance cash flow, boost productivity, and minimize tax filing errors.
  • Upcoming Consultation: HMRC will initiate a consultation process to gather feedback on fostering investment in e-invoicing. The consultation date has not been specified, but businesses should prepare for potential mandatory e-invoicing.
  • Digital Transformation Roadmap: HMRC will publish a Digital Transformation Roadmap in Spring 2025, outlining its strategy to become a “digital-first” organization, including provisions for digital inclusion and support for businesses not yet fully digital.

Source SNI


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See also

  • Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE

 

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