Consultation Timeline Open from: February 13, 2025 – May 7, 2025
- Public Consultation on E-Invoicing: The UK government has initiated a public consultation from February 13, 2025, to May 7, 2025, to explore the standardization and expansion of e-invoicing across businesses and government transactions, assessing models for voluntary vs. mandatory adoption and the inclusion of real-time digital reporting.
- Potential Benefits of E-Invoicing: The government is considering implementing a national e-invoicing standard, which could lead to increased efficiency, reduced errors, enhanced security, and improved cash flow for businesses, thereby streamlining administrative processes and lowering fraud risks.
- Invitation for Business Participation: Businesses of all sizes are encouraged to participate in the consultation to provide feedback on their experiences with e-invoicing, preferred standards, and potential regulatory implications, helping shape the future of e-invoicing policies in the UK.
Source: Fonoa
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