- Initiation of Consultation: HM Revenue & Customs (HMRC) and the Department for Business & Trade have launched a public consultation aimed at promoting electronic invoicing across UK businesses and the public sector, marking a key step towards modernizing business practices and enhancing digital transformation.
- Gathering Stakeholder Feedback: The consultation seeks to collect feedback on the policy design for e-invoicing adoption and explore alternatives before proposing specific reforms. It invites participation from a wide range of stakeholders, including businesses, interest groups, and industry leaders.
- Consultation Structure and Timeline: The consultation comprises a survey with 34 questions addressing various aspects of e-invoicing, including its impact on business operations and technological considerations. It will be open for 12 weeks, from February 13, 2025, to May 7, 2025, with responses submitted online or via email.
Source: SOVOS
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