- Joint Consultation Launch: On February 13, 2025, HMRC and the Department for Business and Trade initiated a consultation to gather feedback on enhancing e-invoicing uptake among UK businesses, running until May 7, 2025.
- Focus on Impact and Challenges: The consultation aims to explore the benefits, challenges, and appropriate models for e-invoicing, aligning with the government’s tax digitalization strategy to improve efficiency and close the tax gap.
- Global E-Invoicing Trends: As many countries are moving towards mandatory e-invoicing, businesses are encouraged to assess the implications for their systems and compliance requirements, ensuring readiness for upcoming digital reporting changes.
Source KPMG
