- UK Government’s E-Invoicing Consultation: The UK government, through HM Revenue & Customs (HMRC) and the Department for Business and Trade (DBT), has launched a public consultation to gather feedback on standardising e-invoicing, determining its mandatory status, and exploring models for real-time digital reporting.
- Implications for Businesses: VAT-registered businesses may need to upgrade invoicing processes and technology systems to comply with potential new standards, with larger companies possibly facing earlier adoption deadlines than SMEs.
- Preparation and Support: Businesses are urged to review their current invoicing workflows and consider digitalisation for efficiency, while Innovate Tax offers assistance in vendor selection and e-invoicing solutions to navigate upcoming changes confidently.
Source Innovate Tax
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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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