Navigating the UK’s e-invoicing consultation: What businesses need to know

• 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
  • E-Invoicing/Real Time Reporting – What can you find on VATupdate.com
  • Worldwide Upcoming E-Invoicing mandates, implementations and changes – Chronological
  • Collection of E-Invoicing Guides – Worldwide – VATupdate
• • Briefing / Comprehensive Guides (incl. podcasts)

• Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE

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