UK Government Consults on Mandatory Electronic Invoicing

• Government is consulting on electronic invoicing to promote its use in UK businesses and the public sector.
• The government believes e-invoicing can improve productivity, cashflow, tax reporting, and reduce the tax gap.
• The consultation seeks views on standards for e-invoicing and whether it should be voluntary or mandatory.
• The government is not looking to implement a centralized e-invoicing model but may consider a centralized data share model.
• The consultation is open until May 7, 2025.

Source:

• taxscape.deloitte.com
• EY

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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